Temasek Financial (I), a wholly owned subsidiary of the Singapore state investor Temasek Holdings, has successfully priced a S$750 million 10-year bond. The fixed-rate notes, which carry an annual coupon rate of 2.65%, were issued under the company’s US$30 billion Guaranteed Global Medium Term Note Programme. The bond is set to mature in 2036, with interest payments scheduled for investors every six months.
The issuance is part of Temasek’s ongoing strategy to maintain funding flexibility and support its long-term investment activities. By tapping into the debt markets, the firm can secure capital to fund its ordinary course of business, which includes managing a diverse global portfolio. The bond is unconditionally and irrevocably guaranteed by Temasek Holdings, which maintains top-tier credit ratings of Aaa from Moody’s and AAA from S&P Global Ratings.
This offering attracted attention for its 10-year tenor, a duration that aligns with the firm’s preference for long-term debt structures. The settlement date for the bond is August 11, 2026, and the securities are expected to be listed on the Singapore Exchange Securities Trading Limited shortly thereafter. Joint lead managers and bookrunners for the transaction included DBS, OCBC, Standard Chartered, and UOB.
For investors, the bond represents a high-quality, fixed-income instrument backed by one of Singapore’s most prominent investment entities. While the initial price guidance was set at 2.7%, the final pricing of 2.65% reflects the market's appetite for the offering. The proceeds will be channeled to Temasek and its investment holding companies to bolster their financial resources as they navigate the current global economic environment.