Singapore’s Temasek to issue 2.7 bln offshore Chinese yuan bond

SINGAPORE, Aug. 22 (Xinhua) — Singapore’s state investment firm Temasek will issue 10-year and 30-year offshore Chinese yuan bonds with a total worth of 2.7 billion yuan (379 million U.S. dollars), according to the latest announcement from the firm.
The 1 billion 10-year bond’s yield to maturity is 2.75 percent per annum. The 1.7 billion 30-year bond’s yield to maturity is 3.10 percent per annum.
The bonds are rated Aaa by Moody’s and AAA by S&P, said the announcement.
The offering is scheduled to close on Aug. 28, and the bonds will be listed on the Singapore Exchange on Aug. 29. ■