Why Temasek bond got strong retail response

The T2023-S$ Temasek Bond offers a fixed annual coupon of 2.7 per cent payable twice a year, with the principal to be repaid in 2023. It has been trading on the mainboard of the Singapore Exchange since Oct 26. As it was trading at $1.017 apiece on T
The T2023-S$ Temasek Bond offers a fixed annual coupon of 2.7 per cent payable twice a year, with the principal to be repaid in 2023. It has been trading on the mainboard of the Singapore Exchange since Oct 26. As it was trading at $1.017 apiece on Thursday, this translates to a yield of 2.47 per cent.PHOTO: BLOOMBERG

Experts point to rarity value of AAA-rated Singdollar bond issuance by high-quality issuer

Temasek's inaugural public retail bond offer last month was met with hot demand, adding some excitement to the local investment scene.

Many investors will now be hoping the robust response could prompt more issuers to explore bonds of a similar nature and quality.

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A version of this article appeared in the print edition of The Sunday Times on November 04, 2018, with the headline 'Why Temasek bond got strong retail response'. Print Edition | Subscribe