These will be issued under its US$25 billion guaranteed global medium-term note programme
[SINGAPORE] Temasek announced on Tuesday (Jul 22) a proposed notes issuance in a five-year tranche, in addition to 10-year and 30-years tranches.
These will be issued under its US$25 billion guaranteed global medium-term note programme.
Temasek has mandated Credit Agricole CIB, DBS, HSBC and Standard Chartered as joint lead managers and joint book runners for the venture.
The notes are unconditionally and irrevocably guaranteed by Temasek. If issued, they are expected to be rated “Aaa” by Moody’s and “AAA” by Standard and Poor’s.
The bonds have yet to be priced.
Earlier on Aug 21, 2024, Temasek Financial (I) – a wholly owned subsidiary – announced that it will launch a dual tranche offer of 10-year and 30-year offshore Chinese yuan bonds.
It said at the time that net proceeds from the issuance will be given to Temasek and its investment holding companies to fund their businesses.
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