Temasek Bonds Overview

As at 31 March 2021, we had S$16 billion of Temasek Bonds and S$1.5 billion of ECP* outstanding, in equivalent Singapore Dollar value. The weighted average maturity for Temasek Bonds was over 16 years, and above two months for our ECP.

All Temasek Bonds have received the top ratings of Aaa/AAA by Moody’s Investors Service (Moody’s) and S&P Global Ratings (S&P) respectively. Our ECP Programme has similarly been assigned top short term ratings of P-1/A-1+ by Moody’s and S&P respectively.

Euro-commercial Paper (ECP) is a short term issuance in different currency denominations, typically for short tenors of up to 12 months.



This page contains information which is for information purposes only. It neither constitutes an offer nor an invitation nor a recommendation to subscribe to or to purchase, to hold or sell securities, nor is the information contained herein meant to be complete or to serve as a basis for any kind of obligation, contractual or otherwise.

Temasek Financial (IV) Private Limited's Medium Term Note Programme is not for investors within the United States and not for U.S. persons.

Medium Term Note Programmes

Temasek Financial (I) Limited Temasek Financial (IV) Private Limited
US$25 Billion Guaranteed Global Medium Term Note Programme S$5 Billion Guaranteed Medium Term Note Programme
For Institutional and Accredited and Other Specified Investors only  For Retail, Institutional and Accredited and Other Specified Investors only 

Medium Term Note Offering Circulars

19 July 2021

Temasek Financial (I) Limited US$25 billion Guaranteed Global Medium Term Note Programme Offering Circular

19 July 2021

Temasek Financial (IV) Private Limited S$5 billion Guaranteed Medium Term Note Programme Offering Circular


Any offering circular posted up on this website is being provided as a historical, reference source only and is not being used, and no one is authorized to use, disseminate or distribute it, in connection with any offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, securities. Each offering circular is current only as at its date and such availability of the offering circular on this website shall not create any implication that there has been no change in Temasek's or the Issuer's affairs since the date of such offering circular or that the information, statements or opinions contained therein is current as at any time subsequent to such date. Neither Temasek nor the Issuer is under any obligation to update an offering circular. An offering circular may contain forward-looking statements and these statements, if included, must be read with caution as set forth in the section "Forward-looking statements" in such offering circular.