Temasek mulls over bond sale to individual investors in Singapore

January 7
5:58 AM 2014

Singapore's state-owned investment firm Temasek Holdings Pte. Ltd. is looking at ways to offer bonds to individual investors in the city state.

Bloomberg, citing Temasek spokesman Stephen Forshaw, said that issuing fixed-income products will provide an alternative investment opportunity for investors seeking stable returns with lower risks.

Temasek has a $10 billion medium-term note program where the securities are typically offered to institutions. The bonds have received top ratings from Standard and Poor's Ratings Services and Moody's Investors Service since 2004, the report said.

Based on its annual report released in July, Temasek's assets rose to a record S$215 billion ($169 billion) in the year ended March as surging stock markets drove an almost sixfold increase in returns, Bloomberg said.

The value of Temasek's holdings increased by 8.6% in the fiscal year from S$198 billion. Its total shareholder return, which includes dividends, widened to 8.9% from 1.5% in the previous year, the report said.  

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