Temasek, Singapore’s state investment firm, has priced US$1.5 billion in US dollar bonds through its unit Temasek Financial (I).

The bonds, each worth US$750 million and maturing in two years, include a fixed-rate note at 3.75% and a floating-rate note priced at 38 basis points above the Secured Overnight Financing Rate.

Temasek plans to use the proceeds to support itself and its investment holding companies in their regular business activities.

Citi, Bank of America, Morgan Stanley, and Societe Generale are joint bookrunners for the bond issuance.

The offer is part of Temasek’s US$25 billion medium-term note program.

🔗 Source: Reuters

Correction (August 14, 2025, 9:02pm SGT): The entire Food for Thought section was removed due to inaccuracies in the details.