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Tue, September 29, 2020 – 10:08 am
UPDATED Tuesday, September 29, 2020 – 3:26 pm
TEMASEK Financial (I) Limited (TFin-I), a wholly owned subsidiary of Temasek Holdings, intends to launch a 50-year bond as part of its offering of three tranches of US dollar (USD) bonds on Tuesday.
The offering will comprise a 10-year Temasek T2030-USD bond, a 30.5-year Temasek T2051-USD bond, as well as a 50-year Temasek T2070-USD bond. They will be unconditionally and irrevocably guaranteed by the Singapore State Investment Company.
The new bonds will be issued under TFin-I’s global $ 25 billion guaranteed medium-term note program.
TFin-I plans to provide the net proceeds of the issue to Temasek and the latter’s investment holding companies to finance the normal course of their business.
Temasek received an overall corporate credit rating of Aaa by Moody’s Investors Service and AAA by S&P Global Ratings.
In a statement on Tuesday, the investment firm said that an application for listing and listing of the three new bonds will be submitted on the Singapore Stock Exchange.
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