Vertex Venture Holdings, a Singapore-based venture capital firm backed by Temasek, is raising S$450 million (about $330 million) through the issuance of seven-year senior unsecured Singapore dollar bonds at a coupon rate of 3.3%, according to a company announcement.
The issuance is part of the firm’s maiden $2-billion Multicurrency Debt Issuance Programme. Vertex said the issuance, the first SGD corporate bond issuance by a global VC firm, was upsized due to the “overwhelming investor demand”.
