Temasek Holdings has established a new $5 billion guaranteed medium term note programme to fund the ordinary course of business for the Singapore government-owned investment firm and its investment holding companies.

Notes under the programme will be issued by Temasek Financial (IV), and will be unconditionally and irrevocably guaranteed by Temasek, which is triple-A rated by Moody’s Investors Service and S&P Global Ratings.

The notes may be offered under existing Singapore regulations, including the seasoning framework that allows issuers to offer bonds from existing series to retail investors under certain conditions. No bonds are actually being offered yet.

(Source: The Straits Times)