Singapore’s Temasek Holdings has mandated multiple banks for the proposed issuance of 5-year, 10-year, and 30-year offshore renminbi multi-tranche bonds, according to an announcement on Tuesday.
The banks, Credit Agricole, DBS Bank, HSBC and Standard Chartered, are joint lead managers and joint bookrunners for the proposed notes to be issued by Temasek Financial (I) and guaranteed by the Singapore state investment company Temasek Holdings, the mandate said.
The notes will be rated Aaa (stable) by Moody’s and AAA (stable) by S&P, similar to the guarantor. The size of the issuance was not disclosed in the mandate announcement.
Reuters
