Temasek Holdings says to issue benchmark euro bonds

Temasek Holdings says to issue benchmark euro bonds

SINGAPORE - Singapore state investor Temasek Holdings said it plans to launch benchmark 6-year and 12-year euro-denominated bonds under its US$15 billion (S$21 billion) guaranteed global medium term note programme.

The net proceeds from the bonds will be used by Temasek and its investment holding companies for their ordinary course of business, it said in a statement.

Teamsek, which manages a portfolio of S$266 billion of mostly stakes in large Asian companies, had total outstanding bonds of US$9.1 billion, according to its website.

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