SINGAPORE, Temasek Financial (I) Ltd, a wholly owned subsidiary of Singapore’s state-owned investment firm Temasek Holdings, has successfully raised 5.5 billion Chinese renminbi (US$768 million or RM3.24 billion) through an offshore bond offering on Wednesday.
In a statement, the company said the issuance includes a five-year bond worth 1.5 billion renminbi priced at par with a 1.85% annual yield, a 10-year bond of 2.0 billion renminbi at 2.05%, and a 30-year bond of 2.0 billion renminbi at 2.55%.
The final yields came in below the initial price guidance of around 2.3%, 2.55%, and 3.05%, indicating strong investor demand for the issue.
The bonds are issued under Temasek Financial (I)’s US$25 billion (RM105.55 billion) global medium-term note programme and are fully, unconditionally, and irrevocably guaranteed by Temasek Holdings.
Rated “Aaa” by Moody’s and “AAA” by S&P—consistent with Temasek’s credit ratings—the proceeds from the bond sale will be used to support the operational and investment activities of Temasek and its portfolio companies.
This marks Temasek’s first offshore renminbi bond offering since August 2024.
Earlier in July, Temasek reported a record net portfolio value of S$434 billion (US$340 billion or RM1.44 trillion), reflecting an 11.6% year-on-year increase. The group noted that risks related to U.S. immigration, tariffs, and fiscal tightening have likely peaked and highlighted growing investment opportunities in Europe, where trade tensions have created more attractive valuations.
Credit Agricole, DBS Bank, HSBC, and Standard Chartered acted as joint lead managers and joint bookrunners for the bond issuance.
