Temasek Financial (I) Limited, on July 23, announced that it has priced RMB5.5 billion ($979.8 million) worth of offshore CNY Temasek bonds.
The multi-tranche bonds comprise RMB1.5 billion in five-year bonds at a coupon rate of 1.85%, RMB2 billion 10-year bonds with a coupon rate of 2.05% and RMB2 billion 30-year bonds at a coupon rate of 2.55%. The bonds are due in 2030, 2035 and 2055 respectively.
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.
![[Update] Temasek Holdings launches dual tranche offering for four-year and 10-year EUR Temasek bonds](/_next/image?url=https%3A%2F%2Fedgemarkets-transferred.s3-ap-southeast-1.amazonaws.com%2FTEMASEK_0_0_1_0.jpg%3Fi4CSNkf0mXJiIeOtGdcGwI5yE0ONun8B&w=750&q=75)
![[Update] Temasek Holdings launches dual tranche offering for four-year and 10-year EUR Temasek bonds](/_next/image?url=https%3A%2F%2Fedgemarkets-transferred.s3-ap-southeast-1.amazonaws.com%2FTEMASEK_0_0_1_0.jpg%3Fi4CSNkf0mXJiIeOtGdcGwI5yE0ONun8B&w=256&q=75)
