Temasek prices RMB5.5 bil worth of offshore CNY bonds

The bonds, which will be guaranteed by Temasek Holdings, will be issued under Temasek Financial (I)’s US$25 billion ($31.89 billion) guaranteed global medium term note programme. Investors in these bonds will be paid on a semi-annual basis.

Temasek Financial (I) says the net proceeds from these bonds will fund Temasek’s “ordinary course of business”.

The offering is scheduled to close on July 30 and the bonds are expected to list on the Singapore Exchange (SGX) on July 31.