<article>Singapore state investor <a href="https://www.dealstreetasia.com/?s=Temasek%20Holdings">Temasek Holdings</a> has launched its first five-year Singapore dollar bond with a fixed interest rate of 2.7 per cent annually, the company announced.</article>

Singapore state investor <a href="https://www.dealstreetasia.com/?s=Temasek%20Holdings">Temasek Holdings</a> has launched its first five-year Singapore dollar bond with a fixed interest rate of 2.7 per cent annually, the company announced.
Temasek, through its wholly-owned subsidiary <a href="https://www.dealstreetasia.com/?s=Temasek%20Financial">Temasek Financial (IV) Private Limited</a>, is offering up to S$200 million to retail investors and another S$200 million ($146 million) to institutional, accredited, and other specified investors.
The new five-year Singapore dollar bond is under Temasek&#8217;s S$5-bilion Guaranteed Medium Term Note Programme established on August 3 of this year.
“The new T2023-S$ Temasek Bond is expected to comprise up to S$400 million ($291 million) in aggregate principal amount of 5-year guaranteed notes maturing in 2023. If there is over-subscription, Temasek and the Issuer may upsize the offer up to a maximum of S$500 million ($364 million),” Temasek said in a statement.
The proposed total offer can be potentially raised to S$500 million maximum in the event that the public or placement offer is oversubscribed.
For retail investors, applications must be in multiples of S$1,000 subject to a minimum of S$1,000. Individuals can apply via the ATMs of DBS Bank, POSB, OCBC or UOB. They may also apply via internet banking or the mobile banking apps of DBS or POSB.
A bookbuilding process with institutional, accredited and other specified investors was completed on Tuesday, with a fixed interest rate of 2.7 per cent.
“Temasek has been issuing bonds to institutional, accredited and other specified investors since 2005. We are pleased to offer Temasek Bonds to retail investors for the first time. This helps Temasek to broaden its stakeholder base and provide Singapore retail investors the opportunity to participate in another retail product,” said Leong Wai Leng, Temasek’s Chief Financial Officer.
In June, Azalea Group, a unit of Temasek, launched the first listed private equity bonds for retail investors in Singapore.
The $90.5 million (S$121 million) Class A-1 bonds offering for retail investors by Azalea Group will carry a fixed interest rate of 4.35 per cent per annum.
Temasek has been assigned an overall corporate credit rating of “Aaa” by Moody’s and “AAA” by S&amp;P.
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Singapore state investor Temasek Holdings has launched its first 5-year Singapore dollar bond with a fixed interest rate of 2.7 percent annually, the company announced.

Temasek launches first Singapore dollar bond for retail investors

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Temasek launches first Singapore dollar bond for retail investors

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