How Did It Arrive At The 2.7% Interest Rate Return? If there is over-subscription, Temasek and the Issuer may upsize the offer up to a maximum of S$500 million. Yes, the T2023-S$ Temasek Bond is rated Aaa by Moody’s and AAA by S&P. This can usually lead to losses to bondholders. This Frequently Asked Questions page is to be read together with the Offering Circular dated 3 August 2018, Pricing Temasek would then determine the bond interest rate via a book building process, based on the bids in this market-based price discovery exercise. They do not constitute 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. Your account has been deleted, thanks for being with us. All dates and times are Singapore dates in times. It is an active shareholder and investor in - financial services, telecommunications & media, technology, transportation, industrials, lifesciences, consumer, real estate, energy & resources. "Temasek plans proactively for a long dated and well distributed debt maturity profile and avoids large debt repayment obligations in any one year," a company spokesman told Reuters in response to a query on the longer-dated bonds. of units, Total interest payments = Half-yearly interest payment x 2 = S$13.50 x 2 = S$27. (Straits Times), Allocation Advertisement !loadedBondsData[props.value] ? Please note the calculator takes into account the following assumptions of the T2023-S$ Temasek Bond (“bond”): The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. If you did not receive your full allocation of the T2023-S$ Temasek Bond, the refund of the balance of your application amount, net of fees and expenses, and without interest, is dependent on your source of funds used for application. Temasek guarantees the fixed interest rate of 2.70% per year for the T2023-S$ Temasek Bond. Today Singapore Exchange (SGX) announced its first bond issue using a blockchain platform. The SGS 5Y benchmark is 2.33% as of 17 Oct. You will be getting 0.48% pa more interest with Temasek Bond T2023 than SSB Nov 2018, or 0.37% pa more than SGS 5Y bonds. Home / Investing in Bonds / New & Recent Bond Issues; Bond Name Currency Price Guidance Maturity Date Call Date Related Articles; No records found.. Astrea VI bonds are issued by Astrea VI Pte. Temasek Holdings to Raise Money From Bond Issue. The Offering Circular and Product Highlights Sheet are available here and at the SGX-ST website under the “Prospectus / Circulars / Offer Documents” section under the “Company Information” tab. You may use the bond calculator found here to calculate the YTM of the Temasek Bond. The proposed T2023-S$ Temasek Bond, which is intended to be listed on the Singapore Exchange (SGX), will be issued in denominations of $1,000. Yes, the T2023-S$ Temasek Bond can be sold in the secondary market. Please refer to the relevant bank's CPF Investment Account website for more information: DBS, POSB, OCBC, UOB. Work with the chart: switching the price, period, Download the chart in a convenient format, Data for comparison for the selected period is not available, Found: {{ graphTablePointsTotal }}, * Data is not available within the selected subscription, Quotes from market participants are indicative. The interest rate also depends on other factors such as the tenor and market conditions at the time of the bond issuance. SINGAPORE: Temasek Holdings is committing US$500 million to a partnership with private equity firm LeapFrog Investments, in what both companies said … New bond issue: Temasek Holdings issued international bonds (XS2080786150) with a 1.25% coupon for EUR 500.0m maturing in 2049. 28/11/2019. Bondholders shall not be entitled to any additional interest or other amount in respect of any such postponed payment. Calculate in two clicks! If the payment date is not a business day*, payment will be made the following business day. Information is available in the Offering Circular and the Pricing Supplement. Besides the Singapore Savings Bonds (SSBs), which issues new tranches of bonds every month, other bonds that have recently been central to the discussion include Singapore Airlines (SIA) Retail Bond 2019, Temasek’s T2023-S$ Bonds and of course, the Astrea IV Bonds issued last year. If you invest using your investible CPF Savings, interest payments, repayment of the principal amount at maturity of the T2023-S$ Temasek Bond and/or proceeds from the sale of your T2023-S$ Temasek Bond in the secondary market, including capital gains (if applicable), will be credited to your CPF Investment Account. If the interest rates in the market are rising, newer bonds may be issued at higher interest rates. The offering will comprise a 10-year T2030-USD Temasek bond, a 30.5-year T2051-USD Temasek bond and a 50-year T2070-USD Temasek bond. If the company undertakes a corporate action, the market price of its shares or bond may be impacted. Assume you sold the bond 1 year later (having received 2 coupon payments): Return = [(Capital gain/loss + Total interest payments) / Cost] x 100%, Capital gain/loss = (Selling price – Purchase price) x No. The very fact that the interest rate for a rated bond is higher than the Temasek 2023 bond and SIA Bond should tell you that this is not a straight forward asset It is an ... Temasek Holdings is an investment company owned by the government of Singapore. Ltd.) to reduce the minimum investment ticket by up to 10 times, private market platform iSTOX, which handled the digital … Learn more about how corporate actions may affect your investment. TFin-I will issue the new bonds under their $34b (US$25b) guaranteed global medium-term note programme, to be unconditionally and irrevocably guaranteed by Temasek. CPF members CAN use their investible CPF savings to purchase the T2023-S$ Temasek Bond from the secondary market. (ii)   Second, it promises to pay you interest at the stipulated annual, half yearly, or quarterly intervals. : Fixed rate of 2.70% per year, payable every six months, : Wednesday 25 October 2023, redeemed at 100% of principal amount, SINGAPORE (Oct 16): Temasek Holdings is proposing to offer a new 5-year Singapore dollar bond, which will be open to retail investors for the first time. Just a few months after retail investors first gained investment access into private equity bonds, comes another first, Temasek’s T2023-S$ bond aimed at both institutional and retail investors in Singapore.. Get access to over 200,000 bonds in 9 different currencies globally. CPF Savings refer to your investible CPF Ordinary Account savings It has also attained perfect scores quarterly on the ""Transparency Index for Sovereign wealth funds"", a measure of the openness of government-owned investment funds. A plain vanilla bond, such as the T2023-S$ Temasek Bond, is typically for a fixed period, called the tenor, and for a fixed interest rate, called the coupon. You should consult your stockbroker and the relevant bank in which you hold your joint CDP account with if you wish to purchase the T2023-S$ Temasek Bond from the secondary market. If the company undertakes a corporate action, the market price of its bonds may be impacted. #01-19/20                                   [(Number of days in the 6-month interest period)/365 days of the year] x 2.70%, 1 board lot of the T2023-S$ Temasek Bond comprises S$1,000 in principal amount with the issue price being S$1 per S$1 in principal amount. Form of debt Fixed Rate Bond,MTN. Unless the T2023-S$ Temasek Bond has been previously redeemed and cancelled, or purchased and cancelled by the Issuer, each bondholder will receive the principal amount on the maturity date (Wednesday 25 October 2023), together with the last interest payment. Please consult your own investment, business, financial, legal, tax or other professional advisers prior to investing. Sale date should not be same or earlier than purchase date. As an illustration, if you had bought 1 board lot of the T2023S$ Temasek Bond with 2 years left to maturity at $0.950 and held it until maturity. If the date falls on a weekend or public holiday, the payment is made on the following business day. (ii) the principal amount. If the market price of the T2023-S$ Temasek Bond is S$0.980, its current yield would be approximately equal to [S$27 / (S$0.980 x 1,000)] x 100% = 2.76%, which is greater than the coupon rate of 2.70%. Participate in both primary and secondary bond markets. The principal amount is the sum that you will receive upon maturity of the T2023-S$ Temasek Bond. Not suitable for EU retail. The market price of the T2023-S$ Temasek Bond may be above or below its issue price, depending on market conditions at the time, such as supply and demand, general market conditions and other factors. Temasek Financial (I) Ltd, Temasek's wholly owned subsidiary, had launched the three tranche offering comprising a 10-year, a 30.5-year and a 50-year bond … By continuing to browse our site, you accept the use of cookies. Turn cookies off.Â, Stay informed and keep abreast of the latest news, Grow your career with us and unlock your potential, An active investor, forward looking institution and trusted steward, Delivering sustainable returns for generations to come. CPF Savings refer to your investible CPF Ordinary Account savings. The bond from agribusiness Olam International was issued in parallel to the conventional S$400 million ($295m) 5.5-year syndicated public bond and S$100 million tap. The T2023-S$ Temasek Bond will be issued in denominations of S$1,000. Recent Bond Issues.    unless previously redeemed and cancelled, or purchased and cancelled, Temasek Holdings is an investment company owned by the government of Singapore. The make whole call allows the Issuer to redeem the T2023-S$ Temasek Bond early before the maturity date by paying bondholders a lump sum “make whole” amount. Central Provident Fund Investment Scheme (CPFIS) Eligibility, Supplementary Retirement Scheme (SRS) Eligibility. Nevertheless, as mentioned in my blog post, there are economic considerations for Temasek … For more details about cookies and how to manage them see our cookie policy. There could be multiple reasons why your application was invalid. You may also check your holdings of the T2023-S$ Temasek Bond via one of the following ways, depending on your source of funds used for application and/or purchase: Potential investors should understand the dynamics, risks and opportunities associated before investing in any product, such as the T2023-S$ Temasek Bond. The Astrea V bond will be largely similar to the Astrea IV issue in terms of structure and features. Depending on the objectives of an issuer and market interest, a bond issuer may issue bonds with more complex terms, such as variable interest rates. Sale date should be at least 2 working days after purchase date. Please be aware that there will be fees associated with investments made through your CPF Investment Account. For example, the record date of the first interest payment on 25 April 2019 is 17 April 2019 (19 April 2019 is a public holiday in Singapore). The interest rate for the T2023-S$ Temasek Bond had similarly been determined based on bids from institutional, accredited and other specified investors in a book building process. Please also refer to the sections “Investment Suitability” and “Key Risks” (page 3 and 7 respectively) of the Product Highlights Sheet. No, the T2023-S$ Temasek Bond is not guaranteed by the Singapore Government. Hence, if you wish to sell your T2023-S$ Temasek Bond before maturity, you may suffer a partial loss on your principal amount if the market price of your T2023-S$ Temasek Bond (at the time of sale) is below your purchase price. For a bond deemed of higher risk (usually because of the perceived or actual credit quality of the issuer), the interest rate is expected to be higher. Credit ratings are statements of opinion and are not a recommendation to buy, sell or hold the bond, and investors should perform their own evaluation as to whether the investment is appropriate. The T2023-S$ Temasek Bond is included under the CPF Investment Scheme – Ordinary Account (“CPFIS-OA”). This week, Temasek once again broke new ground with the T2023-S$ bond offer — it is the very first time that Temasek bonds are open to retail investors in Singapore, which was previously available only to institutions and accredited investors. Email: bond@temasek.com.sg Total amount outstanding for this bond is SGD 300,000,000 Your refund would have been credited at the end of October 2018 in your CPF Investment Account. According to a statement from SGX, the digital bond issued by the exchange replicated a $400 million 5.5-year public bond issue and a follow-on $100 million tap of the same issue by Olam International. New bond issue: Temasek Holdings issued international bonds (XS2080785343) with a 0.5% coupon for EUR 500.0m maturing in 2031. Conversely, if the market price of the T2023-S$ Temasek Bond is S$1.020, its current yield would be approximately equal to [(S$27 / (S$1.020 x 1,000)] x 100% = 2.65%, which is less than the coupon rate of 2.70%. Interest payments will be made to the person who is the registered holder of the T2023-S$ Temasek Bond on the fifth (5th) business day before the interest payment date (record date). 23/09/2019. The indicative total size of the new issuance - called Astrea VI - is US$643 million. New CPFIS investors will need to complete the Self-Awareness Questionnaire (SAQ) before they can invest under CPFIS. You will receive half yearly interest payments, for as long as you own the T2023-S$ Temasek Bond as of the record date for the relevant interest payment. New bond issue: Temasek Holdings issued new debt notes (US87973RAE09, 87973RAE0) for 1.35B USD as of July 25, 2018. The partnership is poised to consolidate primary FI workflows as bond issuances continue to grow in Asia ex-Japan, where G3 primary issues have grown 46% to US$387 billion over the last two years, totalling more than 800 new issues in 2020 with more than 450 issuers and 200 arranger banks. This Temasek 5 year bond gave us that indication that maybe there are more issues to come. Bond buyers have the option of investing in these higher interest rate bonds. Show: 50 100 200. Bonds listed on the Main Board of the Singapore Exchange are traded in the secondary market and market prices are affected by the financial fundamentals of the company (most notably the strength of a company’s balance sheet and its ability to meet its payment obligations), as well as wider market sentiment. For the first time, Temasek Holding is making available its least risky, private equity bond to retail investors like yourself. Astrea VI, backed by Temasek’s Azalea Asset Management, is planning to launch new dollar and Singapore dollar bonds with investor calls starting March 1. CPF Savings refer to your investible CPF Ordinary Account savings That said, Astrea V is a structured bond but it is not a traditional bond. +65 6535 7511 Singapore’s global investment company Temasek Holdings returned to the offshore bond market and priced on September 29 a three-tranche offering totalling US$2.75 billion, including its longest issuance tenor so far of 50 years, which further extended its debt maturity curve.    as provided in the terms and conditions of the bond, : S$200 million to institutional, accredited and other specified investors, : S$300 million to retail investors in Singapore, : S$1 per S$1 (being 100% of the principal amount). It was reported that Temasek Holdings will be issuing 10-year USD bonds to generate cash to fund it’s own business as well as it’s subsidiary companies. The SAQ can be found here. Common reasons include: You may wish to contact CDP at +65 6535 7511 for more information on the rejection/invalidation of your application for the T2023-S$ Temasek Bond. The market price of the T2023-S$ Temasek Bond may be above or below its issue price, depending on market conditions at the time, such as supply and demand, general market conditions and other factors. Address of CDP Service Counter You may sell the T2023-S$ Temasek Bond in the secondary market. (Shin Min Daily News), Allocation Advertisement 23/09/2019. (Business Times), Allocation Advertisement Both the shareholder equity and the bonds will be offered on a pro-rata basis via a rights issue. The T2023-S$ Temasek Bond may be redeemed prior to maturity by the Issuer for taxation reasons. (b) a depreciated market price of S$0.980, Return = [(Capital loss + Total interest payments) / Cost] x 100% = {[(S$0.980 - S$1.000) x 1,000 + S$27] / (S$1.000 x 1,000)} x 100% = 0.70%, 3) Current yield: relating annual coupon of the bond to its market price. •  Sundays and Public Holidays: Closed The bond from agribusiness Olam International was issued in parallel to the conventional S$400 million ($295m) 5.5-year syndicated public bond and S$100 million tap. Borrower Temasek Financial Limited. Generally, listed companies are under an obligation to announce information to the market that would be likely to materially impact the price or value of its securities, among other things. By continuing to browse the site you are agreeing to our use of cookies. … yield, duration and other parameters, DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS. Saturdays – 8.30am to 12pm Singapore Exchange (SGX), with the help of HSBC Singapore and Temasek, has completed its first digital bond issuance pilot on blockchain. New Bonds More New Bond Issues They will need to log in with their SingPass to attempt the quiz. It offers an annualised interest rate of 2.70%, higher than SSB Nov 2018 that offers 2.22%. Once the principal amount of a bond is repaid at maturity and the issuer redeems the bond, the bond no longer exists. Yes, the interest amount is fixed at 2.70% per year. Genevieve Cua gen@sph.com.sg@GenCuaBT AZALEA Asset Management, an indirect subsidiary of Temasek Holdings, is launching a new series of bonds backed by private equity (PE), of which S$250 million is expected to be open for retail subscription. Supplement dated 16 October 2018 and the Product Highlights Sheet dated 16 October 2018. CPF Savings refer to your investible CPF Ordinary Account savings. Additionally, third-party information distributed on our social media site may not represent our views and unless otherwise expressly indicated, we take no responsibility for, nor do we endorse, any such information. Singapore’s Temasek Holdings Pte intends to launch an offering for a three-tranche deal which includes a bond due in 2070, it said in an exchange filing. Singapore state investor Temasek Holdings (Private) Ltd raised $2.75 billion from a clutch of long-dated dollar bonds, including its longest tenor of 50 years, as part of its $25 billion guaranteed global medium-term note programme. YTM = 5.37% The T2023-S$ interest rate was determined via … All intellectual property rights in respect of such information and the calculator remain vested in their respective owners and you have no right, title or interest therein. Tel: +65 6828 2111. The interest amount is fixed at 2.70% per year while 100% of the principal amount, and the last interest payment, will be paid on the maturity date (25 October 2023). The Metropolis The bond was the first ever private equity backed-bond to be listed here. So this time round, Temasek decide to provide a retail tranche with a low denomination of $1000 minimum. Astrea VI, backed by Temasek’s Azalea Asset Management, is planning to launch new dollar and Singapore dollar bonds with investor calls starting March 1. Closed on Sundays and Public Holidays Different exchanges will have different rules that apply to companies whose securities are listed on their exchanges. To date, Temasek has been offering Temasek Bonds to institutional, accredited and other specified investors. Temasek is offering its first Temasek Bond with a Public Offer to retail investors in Singapore through their wholly-own subsidiary, Temasek Financial (IV) Private Limited. Singapore’s SGX issues blockchain bond with HSBC, Temasek. *Applications using CPF Savings must be made through a CPF Investment Account with a CPFIS agent bank (DBS, OCBC, or UOB) with the applicant’s CPF statement. According to a statement from SGX, the digital bond issued by the exchange replicated a $400 million 5.5-year public bond issue and a follow-on $100 million tap of the same issue by Olam International. Hotline The T2023-S$ Temasek Bond will mature on Wednesday 25 October 2023. Tradable at Singapore Stock Exchange as of October 26, 2018. TEMASEK Financial (I) Limited (TFin-I), a wholly-owned subsidiary of Temasek Holdings, intends to launch a 50-year bond as part of its three-tranche offering of US dollar (USD) bonds on Tuesday. Astrea IV Class A-1 Secured Bonds. The SAQ helps them assess if CPFIS is suitable for them. You can use your joint CDP securities account, provided it is linked to a trading account, to buy the T2023-S$ Temasek Bond in the secondary market. Secondary Market Purchases after Completion of Offer Chapter 7 of the Singapore Exchange’s Listing Rules, The bond calculator is strictly for the T2023-S$ Temasek Bond listed on the Singapore Exchange (SGX:TEKB), Your actual investment returns may differ from the computed values as ‘dirty’ prices (inclusive of accrued interest) used for computation do not take into consideration third party transaction fees and are only to 4 decimal places, Quoted prices of dates earlier than today are Closing Prices of the selected date. Sources aware of the deal said its size and pricing would be finalised later on Tuesday or by Wednesday morning. •  Saturdays: 8.30am to 12pm Please consult your own investment, business, financial, legal, tax or other professional advisers prior to investing. Generally, when market interest rates go up, the market price of bonds may fall, and vice versa. You may wish to consult your own investment, business, financial, legal, tax or other professional advisers prior to using the results of the calculator, or if you have any questions. Please note that the Offering Circular and Pricing Supplement relate to the offer of the T2023-S$ Temasek Bond, which has closed as of 23 October 2018, and should be read as of their respective dates, as they have not been updated for any changes after completion of the offer. The Astrea bonds are based on a diversified portfolio of private equity and were issued by a subsidiary of Azalea Group, which is indirectly wholly owned by Temasek, the state-backed investment firm. Issue … You may refer to the table below for the indicative interest payment dates – these dates are subject to changes in the public holiday schedule from now to 2023. For the previous 10-year bond issuance in 2005, the coupon rate was 4.5%. 9 North Buona Vista Drive Announcements made by the company do not constitute financial or investment advice. This website, and our social media sites, contain information which is for information purposes only. To find out more about selling the T2023-S$ Temasek Bond in the secondary market, please refer to "Selling the T2023-S$ Temasek Bond". Please refer to the table below for the relevant charges for DBS/POSB, OCBC and UOB: S$2.50 per S$1,000 in principal amount of bonds, subject to a maximum of S$25 per transaction, S$2 per S$1,000 in principal amount of bonds, subject to a maximum of S$20 per transaction, S$2 per counter per quarter, subject to a minimum charge of S$5 per quarter, Please also refer to the relevant bank’s fee schedule for more information: DBS/POSB, OCBC, UOB. (* “business day” means a day (other than a Saturday or a Sunday or public holiday) on which banks and foreign exchange markets are open for business in Singapore), The annual interest rate of 2.70% is calculated proportionately as a half yearly rate as follows: This bond was issued by Temasek Financial (I) Ltd with a coupon of 4.2% and maturity date of 07/12/2039. All investors should contact their financial, investment, business, legal, tax or other professional advisers before making any decisions based on the credit ratings. You would need the following when applying to open a CDP securities account in person: (i)    Your original IC or passport Recent Bond Issues. The market price of the bonds can change based on the perceived financial strength, the interest rate environment, or investors’ expectations about the company and/or the wider market. The T2023 – S$ bond is issued through Temasek’s wholly-owned subsidiary, Temasek Financial (IV) Private Limited, under its $5 billion …  (The New Paper), Allocation Advertisement Application for DCS via: More information can be found on DCS here. Successful applicants in the Public Offer would have had their T2023-S$ Temasek Bond allocations credited to their respective Central Depository (CDP) accounts or Central Provident Fund (CPF) Investment accounts. You may check the record date on SGXNET or Temasek’s website prior to each interest payment date. Temasek Bond: New Temasek Bond Issue (50-yr) Offering 2.5% Interest. The most attractive part of the Temasek Bond T2023 is its interest rate. As an illustration, if you had bought 1 board lot of the T2023S$ Temasek Bond with 2 years left to maturity at $0.950 and held it until maturity, with your capital gain at maturity approximately equal to [(S$1.000 x 1,000) – (S$0.950 x 1,000)] = S$50 and total gain at maturity (having received 4 coupon payments) approximately equal to [($50 + ($13.46 + $13.54 + $13.46 +13.54). It was reported that Temasek Holdings will be issuing 10-year USD bonds to generate cash to fund it’s own business as well as it’s subsidiary companies. So long as you hold the T2023-S$ Temasek Bond as of the fifth (5th) business day before the interest payment date (record date), the interest received at the end of every 6-month interest period is calculated as follows: May 23, 2019, 5:00 am SGT Yield-hungry retail investors can look forward to a new bond issue by Temasek-linked private equity vehicle Astrea V. … Please see the table below for key information on the T2023-S$ Temasek Bond. Please also consult your own investment, business, financial, legal, tax or other professional adviser before investing. SGX, working together with HSBC Singapore and Temasek, has completed its first digital bond issuance on SGX’s digital asset issuance, depository and servicing platform, successfully replicating a S$400 million 5.5-year public bond issue and a follow-on S$100 million tap of the same issue … Cash, CPF Savings Rated triple … Corporate actions undertaken by a company can include a range of events, such as new issuances of bonds, redemption of outstanding bonds or a buyback of bonds. Listed at Berlin Stock Exchange as of July 27, 2018. The Singapore Exchange (SGX) has completed its first digital bond issuance via its digital asset issuance, depository and servicing platform, with the help of HSBC Singapore and Temasek. Information indicative as of 10 May 2021. (ii) the amount determined by discounting the principal amount of the bonds plus all required remaining scheduled interest payments due on such bonds at the make whole call reference rate set out in the Pricing Supplement, plus a spread specified in the Pricing Supplement.