Temasek Bonds

Temasek Bonds are issued as public markers of our credit quality.

Our Bonds enhance our capital efficiency, increase our funding flexibility and expand our stakeholder base. In addition, they foster the discipline of engaging with both international and Singapore bondholders.

To date, we have eight outstanding Temasek Bonds, totalling just under S$8 billion (under US$6 billion), as part of our US$10 billion Global Guaranteed Medium Term Note (MTN) Programme. Three are USD-denominated and five SGD-denominated, with varying maturities of up to 2039, and a weighted average maturity of about 13 years.

Net proceeds from these offerings fund the ordinary course of business of Temasek and our investment holding companies.

Our MTN Programme and Temasek Bonds are all rated Aaa/AAA by Moody’s Investors Service and Standard & Poor’s Ratings Group respectively.

Temasek Bonds – Issue Profile

Bond Series Denomination Amount Issued ($b) Coupon (%) Yield at Issuance (%) Issue Date Maturity Date
T2015-US$ USD 1.75 4.5000 4.5750 21 Sep 05 21 Sep 15
T2019-US$ USD 1.5 4.3000 4.3280 26 Oct 09 25 Oct 19
T2039-US$ USD 0.5 5.3750 5.4410 23 Nov 09 23 Nov 39
T2029-S$ SGD 0.3 4.0000 4.0000 07 Dec 09 07 Dec 29
T2039-S$ SGD 0.3 4.2000 4.2000 07 Dec 09 07 Dec 39
T2020-S$ SGD 1.0 3.2650 3.2650 19 Feb 10 19 Feb 20
T2025-S$ SGD 0.5 3.7850 3.7850 05 Mar 10 05 Mar 25
T2035-S$ SGD 0.5 4.0475 4.0475 05 Mar 10 05 Mar 35
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Temasek Bonds – Yield Curves comparing USD yield curve to SGD yield curve Download this chart



Temasek Bonds – Spreads at issue comparing USD Bond (Spread over US Treasuries) to SGD Bond (Spread over Singapore dollar swap offer rates) Download this chartBack to top
Capital Charge:
The value of shareholder's equity