Back in June, Temasek’s wholly-owned subsidiary, Azalea Group, offered the Astrea IV bond to retail investors in Singapore. The bond was the first ever private equity backed-bond to be listed here.
This week, Temasek once again broke new ground with the T2023-S$ bond offer — it is the very first time that Temasek bonds are open to retail investors in Singapore, which was previously available only to institutions and accredited investors.
For those who don’t already know, Temasek Holdings is a private investment company fully-owned by the Singapore government that manages a portfolio of assets worth S$308 billion (as at 31 March 2018). It manages one of the largest funds in the world — ninth largest according to this list — and many of the biggest companies listed in Singapore like DBS Group, Singapore Airlines, Singtel, and CapitaLand are partly-owned by Temasek.
So when Temasek launches its ......