Temasek exercises upsize option for retail bonds to $300 mil; trading starts this Friday

SINGAPORE (Oct 24): Temasek Holdings has successfully concluded the allocation of the public offer and placement of its new five-year Singapore dollar bonds, called T2023-S$ Temasek Bond, which come at a fixed interest rate of 2.7% p.a. over five years until maturity in 2023.

Temasek has also decided to exercise its upsize option to increase the issue size of $200 million by $100 million for the public offer, in view of the strong demand from retail investors.

See: Temasek proposes maiden retail bond offer with planned issue of 5-year notes

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