Temasek Bond: New Temasek Bond Issue (50-yr) Offering 2.5% Interest
Check out this new Temasek Bond offering significantly high interest rate of 2.5% for a relatively safe investment.
Temasek Financial (I), a wholly owned Temasek subsidiary, will launch a three-tranche offering of 10-year, 30.5-year and 50-year bonds as part of its US$25 billion (S$34 billion) guaranteed global medium-term note programme.
The bonds will be listed on the official board of the Singapore Exchange Securities Trading.
The wholly-owned subsidiary of Temasek Holdings priced as its bonds as follows:
- a U$1 billion 50-year bond at 2.5 per cent,
- a US$1 billion 30.5-year bond at 2.25 per cent and
- a US$750 million 10-year bond at 1 per cent.
Across the three tranches, there was strong support for the bonds from high-quality institutional, accredited and/or other specified investors globally, said the Singapore state investment firm in a bourse filing on Wednesday.
The 50-year issuance – Temasek’s longest tenor debt yet – was priced at a spread of 110 basis points (bps) over the 30-year benchmark US Treasuries. Maturing on Oct 6, 2070, this bond was issued at 99.292 per cent, to give a yield to maturity of 2.525 per cent per annum.
If you are looking for a long-term safe asset to keep your cash, this might be the deal you are looking for!
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