By Lisa Kerner
Charlotte, N.C., Feb. 25 - Temasek Holdings (Pte.) Ltd. announced pricing of S$500 million 3.785% guaranteed notes due 2025 and S$500 million 4.0475% guaranteed notes due 2035 to be issued by its wholly owned subsidiary Temasek Financial (I) Ltd. under its $10 billion guaranteed global medium-term note program.
The notes (Aaa/AAA/) are fully guaranteed by Temasek Holdings, according to a company news release.
The 3.785% notes were priced at a spread of 50 bps over the Singapore dollar swap offer rate. The 4.0475% notes were priced at a spread of 65 bps over the interpolated 20-year and 30-year Singapore dollar swap offer rate.
Settlement is expected March 5.
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
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| Total amount: | S$1 billion
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 5
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
|
|
| Notes due 2025
|
| Amount: | S$500 million
|
| Maturity: | 2025
|
| Coupon: | 3.785%
|
| Price: | Par
|
| Yield: | 3.785%
|
| Spread: | 50 bps
|
|
|
| Notes due 2035
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| Amount: | S$500 million
|
| Maturity: | 2035
|
| Coupon: | 4.0475%
|
| Price: | Par
|
| Yield: | 4.0475%
|
| Spread: | 65 bps
|
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