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Temasek launches three-tranche US dollar bonds

SINGAPORE — Temasek Financial (1) Limited (TFin-I), a wholly owned subsidiary of state investor Temasek Holdings, launched three US dollar bonds on Tuesday (Sept 30).

Temasek Holdings has been assigned an overall corporate credit rating of "Aaa" by Moody’s and "AAA" by S&P Global Ratings.

Temasek Holdings has been assigned an overall corporate credit rating of "Aaa" by Moody’s and "AAA" by S&P Global Ratings.

SINGAPORE — Temasek Financial (1) Limited (TFin-I), a wholly owned subsidiary of state investor Temasek Holdings, launched three US dollar bonds on Tuesday (Sept 30).  

The Singapore Exchange (SGX) said in an announcement that the offerings comprise a 10-year, 30.5-year and 50-year bond issued by TFin-I under its US$25 billion (S$34.2 billion) Guaranteed Global Medium Term Note Programme. 

It was previously announced that TFin-I has 15 series of notes with a total of S$12.1 billion outstanding under the programme.

SGX said that TFin-I intends to provide the net proceeds from the issuance of the bonds to Temasek and its investment holding companies to fund their ordinary course of business.

Application will be made for the listing and quotation of the bonds on Singapore Exchange Securities.

The bonds will be offered only to institutional investors.

Temasek has been assigned an overall corporate credit rating of "Aaa" by Moody’s and "AAA" by Standard & Poor's (S&P) Global Ratings. The ratings by the two agencies in the US assess the credit worthiness of bonds and their issuers. 

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