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Temasek Raises US$2.5 Billion in Bonds

07/26/2021 | 04:55pm EDT

By P.R. Venkat

Singapore state investment company Temasek Holdings Pte. Ltd. has raised a total of US$2.5 billion in bonds that saw strong demand for high-quality institutional and other global investors.

Temasek issued bonds in three tranches that include a US$750 million 20-year bond with a coupon of 2.375% per annum and another US$1 billion in 40-year bond carrying a 2.750% coupon, the state investment company said Tuesday.

This is Temasek's first U.S. dollar-denominated issuance of bonds with a 20 and 40 years tenor.

Temasek also raised another US$750 million in 10-year bond that carries an annual coupon on 1.625%.

Proceeds from the bond sales will be used by Temasek and its investment holding companies to fund their ordinary course of business.

Bonds were issued under its US$25 billion guaranteed global medium-term note program, Temasek said.

Citigroup, Credit Agricole, HSBC, Morgan Stanley and Standard Chartered Bank acted as joint lead managers and bookrunners for Temasek.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

07-26-21 1855ET

Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -3.80% 67.3 Delayed Quote.9.15%
DJ INDUSTRIAL -1.78% 33970.47 Delayed Quote.13.00%
HSBC HOLDINGS PLC 1.29% 366.35 Delayed Quote.-4.53%
MORGAN STANLEY -3.07% 98.63 Delayed Quote.43.92%
MSCI SINGAPORE (GDTR) 0.30% 6486.843 Real-time Quote.12.58%
STANDARD CHARTERED PLC 0.80% 414.3 Delayed Quote.-11.78%
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