Temasek proposes 5-year, 10-year and 30-year tranches of offshore Chinese yuan bonds
These will be issued under its US$25 billion guaranteed global medium-term note programme.
Temasek has mandated Credit Agricole CIB, DBS, HSBC and Standard Chartered as joint lead managers and joint book runners for the venture.
The notes are unconditionally and irrevocably guaranteed by Temasek. If issued, they are expected to be rated 'Aaa' by Moody's and 'AAA' by Standard and Poor's.
The bonds have yet to be priced.
Earlier on Aug 21, 2024, Temasek Financial (I) – a wholly owned subsidiary – announced that it will launch a dual tranche offer of 10-year and 30-year offshore Chinese yuan bonds.
It said at the time that net proceeds from the issuance will be given to Temasek and its investment holding companies to fund their businesses.
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Straits Times
2 minutes ago
- Straits Times
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Business Times
2 minutes ago
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32 minutes ago
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Sign up now: Get ST's newsletters delivered to your inbox General Timothy D. Haugh said there were weaknesses in American cyberdefences that the Chinese government was trying to exploit. WASHINGTON – China is taking advantage of gaps in American defences, as its cyberprogramme poses a core challenge to the United States, the former director of the National Security Agency said in an interview. General Timothy D. Haugh, the former head of both the NSA and US Cyber Command, said there were weaknesses in American cyberdefences that the Chinese government was trying to exploit. While cybersecurity and cloud computing firms are trying to improve their defences, China is constantly looking for vulnerabilities, areas that neither kinds of firms are focusing enough of their attention on. China, Mr Haugh said, is trying to exploit the 'seams' in the defences. 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