By Devika Patel
Knoxville, Tenn., Nov. 24 - Temasek Holdings (Pte.) Ltd. announced its subsidiary, Temasek Financial (I) Ltd., sold S$300 million of 4% guaranteed notes due 2029 and S$300 million of 4.2% guaranteed notes due 2039 at par.
The notes (Aaa/AAA/) are fully guaranteed by Temasek Holdings.
The 4% notes were priced at a spread of 62.25 bps over the Singapore dollar swap offer rate. The 4.2% notes were priced at a spread of 74.75 bps, also over the Singapore dollar swap offer rate.
Settlement is expected Dec. 7.
Proceeds will be used by the subsidiary to fund its ordinary course of business.
The state-owned investment fund is based in Singapore.
| Issuer: | Temasek Financial (I) Ltd.
|
| Guarantor: | Temasek Holdings (Pte.) Ltd.
|
| Issue: | Guaranteed notes
|
| Total amount: | S$600 million
|
| Pricing date: | Nov. 24
|
| Settlement date: | Dec. 7
|
| Distribution: | Regulation S
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
|
|
| Notes due 2029
|
| Amount: | S$300 million
|
| Maturity: | 2029
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Spread: | 62.25 bps
|
|
|
| Notes due 2039
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| Amount: | S$300 million
|
| Maturity: | 2039
|
| Coupon: | 4.2%
|
| Price: | Par
|
| Yield: | 4.2%
|
| Spread: | 74.75 bps
|
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