The bond, which is guaranteed by Temasek, will be issued under Temasek Financial (I)’s US$25 billion ($33.9 billion) Guaranteed Global Medium Term Note Programme.
The net proceeds from the issuance of the bond will be used by Temasek and its investment holding companies for ordinary business purposes.
See also: Temasek Holdings says it remains optimistic on China amid tech crackdown
Temasek will apply for the bond’s listing and quotation on the SGX-ST.
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The bond will be offered outside the US only to non-US persons.
Temasek has been assigned an overall corporate rating of “Aaa” by Moody’s Investors Service and “AAA” by S&P Global Ratings.
Photo: Bloomberg
