Temasek sells S$500 mln 15-yr, S$500 mln 25 yr notes
Wed, Feb 24, 2010
SINGAPORE - Singapore state investor Temasek Holdings (TEM.UL) said on Wednesday it had sold S$500 million worth of 15-year notes and S$500 milion worth of 25-year notes to fund its business activity.
The 15-year notes were priced at a spread of 50 basis points over 15-year Singapore dollar swap offer rates, with a yield of 3.785 percent, and the 25-year notes were priced at a spread of 65 basis points over interpolated 20- and 30-year Singapore dollar swap offer rates.
The issue price for the 25-year notes translates to a yield of 4.0475 percent.
The bonds were sold as part of a US$10 billion global medium-term note programme. Temasek is rated AAA by Standard & Poor's and Moody's Investors Service.