Singapore, 2.55am

Temasek Financial (I) Limited (“TFin-I”) has priced €600 million 0.5% Guaranteed Notes due 2022 and €500 million 1.5% Guaranteed Notes due 2028 (the “T2022-EUR Temasek Bond” and “T2028-EUR Temasek Bond”, respectively, and collectively, the “T2022-EUR and T2028-EUR Temasek Bonds”).

Fully, irrevocably and unconditionally guaranteed by Temasek Holdings (Private) Limited (“Temasek”), the T2022- EUR and T2028-EUR Temasek Bonds are the 14th and 15th bond issues under TFin-I’s US$15 billion Guaranteed Global Medium Term Note Program.

The T2022-EUR Temasek Bond was priced at a spread of 48 bps over the 6-year benchmark EUR Mid-swap. Investors will be paid annually, at a coupon rate of 0.5% per annum. The T2022-EUR Temasek Bond was issued at 99.336% to give a yield to maturity of 0.613% per annum.

The T2028-EUR Temasek Bond was priced at a spread of 80 bps over the 12-year benchmark EUR Mid-swap. Investors will be paid annually, at a coupon rate of 1.5% per annum. The T2028-EUR Temasek Bond was issued at 99.913% to give a yield to maturity of 1.508% per annum.

Ms Leong Wai Leng, Temasek’s Chief Financial Officer, said, “We are pleased with our inaugural euro issuances at the 6-year and 12-year points of our newly established euro yield curve. Both issues were oversubscribed, with robust demand from high-quality investors. The issues were in response to enquiries from investors about high- grade euro bonds.”

“Our Temasek Bonds serve as public markers of our credit quality. They also increase our funding flexibility and enhance our capital efficiency,” Ms Leong added.

Temasek has been assigned an overall corporate credit rating of AAA by Standard & Poor’s Ratings Services and Aaa by Moody’s Investors Service.

TFin-I intends to provide the net proceeds from the issuance of the T2022-EUR and T2028-EUR Temasek Bonds to Temasek and its investment holding companies to fund their ordinary course of business.

The offering is scheduled to close on 1 March 2016.

The T2022-EUR and T2028-EUR Temasek Bonds will be offered outside the United States only to non-U.S. persons under Regulation S of the U.S. Securities Act of 1933, as amended.

The Joint Lead Managers and Bookrunners were Barclays, Citigroup, Deutsche Bank and HSBC.