The bonds will be offered by Temasek Financial (TFin-I), a wholly-owned subsidiary of Temasek.
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The firm has secured $5 million from family offices from Singapore and India.
Singapore-headquartered Advanced MedTech Holdings has co-led a $10 million funding in US firm SonoMotion.
The minimum paid-up capital requirement is said to be the main reason behind the move.
Temasek had previously led its $9.26-million financing round in 2016.
The investment will see Pico further bolster its presence in the Asia Pacific, a region with a rapidly growing financial services sector.
Policy & Regulations
Carro has previously said it is seeking a digital banking licence in Singapore to offer financial services to SMEs in the city-state.
Sea has revised its revenue guidance upwards for both digital entertainment and e-commerce arms for FY19.
The current market value of smart spaces and businesses globally is projected at $19.9 billion.
IPOs & Markets
Temasek may join a wave of issuers turning to Europe’s bond market, as negative interest rates and investor demand holds down borrowing costs versus
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