Back when Temasek’s subsidiary Azalea Group issued the Astrea IV Bonds, I made the guess that the direction the government wants is for wealth building to be more broad based instead of being very concentrated in property and very safe instruments. To do that, the public requires more options. So when the Astrea IV came out, I think it let’s us know perhaps what is ahead. Yesterday, it was announced that Temasek will issue a 5 year bond yielding 2.70%. This Temasek 5 year bond gave us that indication that maybe there are more issues to come. One of the gripes people have about the Astrea IV was that that the Astrea IV was not issued directly by Temasek but is a structured product by the private equity subsidiary. So this time round, Temasek decide to provide a retail tranche with a low denomination of $1000 minimum. The ......