Singapore, 9.20am

Temasek Holdings (Private) Limited (“Temasek”) intends to launch a dual tranche offering comprising a benchmark 10.5-year T2023-USD Temasek Bond and a benchmark 30-year T2042 USD Temasek Bond today through its wholly-owned subsidiary, Temasek Financial (I) Limited (“TFin-I”).

The T2023-USD and T2042-USD Temasek Bonds to be issued by TFin-I under its US$10 billion Guaranteed Global Medium Term Note Program (the “Program”) will be fully and unconditionally guaranteed by Temasek.

Temasek is rated AAA by Standard & Poor’s Ratings Services (“S&P”) and Aaa by Moody’s Investors Service (“Moody’s”), and the T2023-USD and T2042-USD Temasek Bonds are expected to be rated AAA by S&P and Aaa by Moody’s.

TFin-I intends to provide the net proceeds from the issuance of the T2023-USD and T2042-USD Temasek Bonds to Temasek and its investment holding companies to fund their ordinary course of business.

Application will be made for the listing and quotation of the T2023-USD and T2042-USD Temasek Bonds on the Official List of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein. Approval for the listing and quotation of the T2023-USD and T2042-USD Temasek Bonds on the SGX-ST is not to be taken as an indication of the merits of TFin-I, Temasek, their respective subsidiary companies (if any), their respective associated companies (if any), the Program or the T2023-USD and T2042-USD Temasek Bonds.

The T2023-USD and T2042-USD Temasek Bonds will be offered in the United States only to qualified institutional buyers that are also qualified purchasers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (“Securities Act”), and outside the United States only to non-U.S. persons under Regulation S of the Securities Act.

References to “US$” and “USD” refer to U.S. dollars, the legal currency of the United States.

This release is not an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. No portion of the proposed offering is intended to be registered in the United States, and no public offering is intended to be conducted in the United States.

For media enquiries, please contact:

Jeffrey Fang
Associate Director, Corporate Affairs
Temasek
DID: (65) 6828-6857
Email: jeffreyfang@temasek.com.sg

Investor Relations Contact:

Chong Hui Min
Associate Director, Investor Relations
Temasek
DID: (65) 6828-2468
Email: huimin@temasek.com.sg