Temasek's US$1.7b bond issue 4.5 times subscribed
It sells US$1.2b worth of 10.5-yr bonds and US$500m worth of 30-yr bonds
TEMASEK Holdings has sold US$1.7 billion worth of US dollar
bonds in an offering that was heavily oversubscribed, allowing it to
raise long-term funds at record-low interest rates.
It received orders totalling US$7.6 billion - some 4.5 times the original size of the offer - from institutional investors worldwide.
The strong demand allowed Temasek to price the bonds - issued in two tranches - at lower yields than originally expected.
It sold US$1.2 billion of 10.5-year bonds maturing in 2023 and US$500 million worth of 30-year bonds maturing in 2042.
It received orders totalling US$7.6 billion - some 4.5 times the original size of the offer - from institutional investors worldwide.
The strong demand allowed Temasek to price the bonds - issued in two tranches - at lower yields than originally expected.
It sold US$1.2 billion of 10.5-year bonds maturing in 2023 and US$500 million worth of 30-year bonds maturing in 2042.
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