Temasek Financial (IV) Private Limited’s S$500 Million Notes Offering

Allen & Gledhill advised on the offering.

Temasek Financial (IV) Private Limited issued S$500 million 1.8% guaranteed notes due 2026 under its S$5 billion guaranteed medium term note programme.

This was Temasek’s second retail bond after its inaugural retail bond in 2018. The offer comprised a placement tranche of S$250 million to institutional and other investors and a public offer tranche of S$250 million to retail investors in Singapore. In view of demand from retail investors, Temasek exercised an upsize option to increase the public offer size from S$100 million to S$250 million.

The Notes are unconditionally and irrevocably guaranteed by Temasek Holdings (Private) Limited. 

DBS Bank Ltd. was appointed global coordinator and DBS, Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited, The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and Standard Chartered Bank (Singapore) Limited were appointed joint lead managers and bookrunners.

The Allen & Gledhill team advising Temasek Financial (IV) and Temasek was led by Yeo Wico (Picture) and included Wu Zhaoqi and Sunit Chhabra.

Advising DBS, OCBC, UOB, HSBC and SCB was Allen & Gledhill Partner Margaret Chin.

Involved fees earner: Sunit Chhabra – Allen & Gledhill LLP; Margaret Chin – Allen & Gledhill LLP; Yeo Wico – Allen & Gledhill LLP; Wu Zhaoqi – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: DBS Bank; HSBC; Oversea-Chinese Banking Corporation; Standard Chartered Bank (Singapore) Limited; Temasek Financial (IV) Limited; Temasek Holdings (Private) Limited; United Overseas Bank Limited Co.;

Sonia Carcano

Author: Sonia Carcano