Here’s a quick low-down of all you need to know about Temasek Bond T2023 so that we are on the same page when discussing about these bonds. Yes, Temasek unconditionally and irrevocably guarantees all interest payments of the T2023-S$ Temasek Bond and full repayment of the principal amount at maturity. Singapore Savings Bond 2019 Jan 2.90%pa – Should You Buy? You may access the electronic copies here and at the SGX-ST website under the “Prospectus / Circulars / Offer Documents” section under the “Company Information” tab. Singapore Savings Bond 2018 Dec 2.97%pa – Should You Buy? I can do with a little less interest but with the knowledge that I am nimble in a rising interest rate environment. Singapore Savings Bond May 2020 – Safety First? Footnotes: Yes, the T2023-S$ Temasek Bond is rated Aaa by Moody’s and AAA by S&P. of units, Total interest payments = Half-yearly interest payment x 2 = S$13.50 x 2 = S$27. When you invest in a bond, you are essentially lending money to a bond Issuer. They have not issued bonds since 2016. There are other factors which apply to investments in shares. Application for a CPF Investment Account via a CPF Investment Scheme (CPFIS) agent bank: 1 Actual coupon payments will vary depending on number of days in each coupon payment period. Assume you sold the bond 1 year later (having received 2 coupon payments): Return = [(Capital gain/loss + Total interest payments) / Cost] x 100%, Capital gain/loss = (Selling price – Purchase price) x No. Corporate actions undertaken by a company can include a range of events, such as new issuances of shares or bonds, redemption of outstanding bonds, a buyback of shares or bonds or an acquisition or disposal of assets. For Temasek, there are obvious attractions. 6 out of the 16 previous issues were SGD-denominated. How safe is this Temasek Bond T2023? Ming Feng. Chapter 7 of the Singapore Exchange’s Listing Rules, The bond calculator is strictly for the T2023-S$ 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. Once the principal amount of a bond is repaid at maturity and the issuer redeems the bond, the bond no longer exists. Electronic copies of the Offering Circular, Pricing Supplement 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. Please refer to the relevant bank's CPF Investment Account website for more information: DBS, POSB, OCBC, UOB. 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. It enables investors to view and manage their various investments with multiple brokers. The table below shows all the SGD-denominated bonds and the recently issued Series 16 T2028-US$ bond. The information below is focused on investments in bonds. Market data dashboard - Get the latest stock market news, stock information and charts, data analysis reports, as well as a general overview of the market landscape … The examples below are purely illustrative, and in particular, expenses and fees (if any) have not been taken into account in order to illustrate the different measures. S$2.0 billion worth of USD borrowing paying 4.3% maturing in 2019, Replacing with US$1.35 billion USD Bond paying 3.625% for 10 years, S$1.0 billion worth of SGD borrowing paying 3.265% maturing in 2020, Replacing with S$0.4 billion SGD Bond paying 2.70% for 5 years. Conversely, if the market price of the T2023-S$ 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%. Your refund would have been credited at the end of October 2018 in your CPF Investment Account. To invest under CPFIS-OA, you need to be at least 18 years old, not be an undischarged bankrupt, have a valid CPF Investment Account with a CPFIS agent bank*, and have more than S$20,000 in your CPF Ordinary Account. Successful purchases of the T2023-S$ Temasek Bond in the secondary market will also be credited to the purchasers’ respective CDP or CPF Investment accounts. Conditions for using CPF Savings to invest in T2023-S$ Temasek Bond Singaporeans, PRs and foreigners can apply for the Singapore Savings Bonds. Temasek unconditionally and irrevocably guarantees all interest payments of the T2023-S$ Temasek Bond and full repayment of the principal amount at maturity. Once you have sold the T2023-S$ Temasek Bond, you will no longer own the bond and hence will not receive subsequent interest payments. If you had bought 1 board lot of the T2023-S$ Temasek Bond at a market price of S$1.08, you will receive a principal amount of S$1,000 (S$1.00 x 1,000) at maturity. Bond Calculator Disclaimer Source: SGX website. The video below may have relevant highlights for you. You can choose to sell your T2023-S$ Temasek Bond in the secondary market and before the maturity date (Wednesday 25 October 2023, if not redeemed earlier by the Issuer). Top 10 Stocks Held By Temasek Holdings Private Ltd By Holdings Channel Staff, updated Tuesday, December 29, 1:21 PM Market Segment: Corporates. Mondays to Fridays – 8.30am to 5pm … The T2023-S$ Temasek Bond may also be redeemed prior to maturity by the Issuer at a “make whole” amount, being an amount equal to the greater of: (i) the principal amount of the bonds being redeemed; and Temasek does not guarantee the performance of the T2023-S$ Temasek Bond in the market. Different exchanges will have different rules that apply to companies whose securities are listed on their exchanges. By Joe Parsons HSBC has begun a trial with Singapore Exchange (SGX) and sovereign wealth fund, Temasek, to explore the use of distributed ledger technology (DLT) for the issuance and servicing of fixed income securities. Temasek Holdings (Private) Limited (“Temasek") has launched new five-year bonds through its wholly-owned subsidiary, Temasek Financial (IV) Private Limited (the “issuer”). In the following paragraphs I will show you what I think. The same interest rate was offered to retail investors under the Public Offer. Operating Hours 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. Companies with bonds listed on the Singapore Exchange are also subject to the obligation to disclose information which may have a material effect on the price or value of its bonds, among other things. Alternatively, you may wish to contact the Temasek Investor Relations team via 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). To get higher interest rate return, I will seek out traded retail bonds such as Astrea IV that is currently yielding around 3.7% for 10 years. So this time round, Temasek decide to provide a retail tranche with a low denomination of $1000 minimum. This means that retail investors like you and I will finally be able to buy into such bonds, usually exclusive only to financial institutions and accredited investors. Please also consult your own investment, business, financial, legal, tax or other professional adviser before investing. Please note the prices shown in the above chart are indicative of the latest sale price of the T2023-S$ Temasek Bond delayed by approximately 2 minutes. You can start applying for this bond through POSB/DBS, OCBC, UOB ATMs, internet and mobile banking platforms from 17 Oct 2018. If the interest rates in the market are rising, newer bonds may be issued at higher interest rates. A new bond in the market is definitely welcome news, so should you be excited by this offer? (Shin Min Daily News), Allocation Advertisement Live Pricing Chart Disclaimer   Interest Rate Risk. 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$1 in principal amount. They’re issued by a subsidiary of Temasek (which is fairly standard corporate structuring). Temasek Bond T2023 is callable – Temasek can redeem early at higher of market value or principal.  (The New Paper), Allocation Advertisement This represents interest rate risk. Please see the table below for key information on the T2023-S$ Temasek Bond. All investments carry risks, including investments into bonds. Hotline Central Provident Fund Investment Scheme (CPFIS) Eligibility, Supplementary Retirement Scheme (SRS) Eligibility. The interest payments and principal amount of the T2023-S$ Temasek Bond are not affected by its price in the secondary market. Temasek Bond T2023, SSB and SGS bonds are all bonds guaranteed by the Government of Singapore, therefore the risk profiles should be similar. To find out more about selling the T2023-S$ Temasek Bond in the secondary market, please refer to "Selling the T2023-S$ Temasek Bond". If you are an investor and you are considering whether to buy, sell or hold a company’s bonds, keeping up to date on its corporate actions and announcements, including the company’s periodic disclosure of its financial performance, is one way for you to understand the company’s financial and business health, and to ensure that you are aware of the latest developments affecting the company. The interest payments and principal amount of the T2023-S$ Temasek Bond are not affected by the Issuer's or Temasek's performance. Yes, the T2023-S$ Temasek Bond can be bought in the secondary market. Potential investors should understand the dynamics, risks and opportunities associated before investing in any product, such as the T2023-S$ Temasek Bond. +65 6535 7511 There could be multiple reasons why your application was invalid. However, it is important that you consider these announcements as one data point, and that you make an effort to reach your own informed views about whether to buy, sell or hold securities, taking into account relevant information and your own personal circumstances, including risk tolerance. Temasek had a net portfolio value of S$313 billion as of March 31, 2019, up 1.6% from the year prior. For more details about cookies and how to manage them see our cookie policy. We will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator. Cash, CPF Savings Email: bond@temasek.com.sg CPF Savings refer to your investible CPF Ordinary Account savings To know more about current and historical interest rates in Singapore, check out the section Singapore Bonds Interest Rates on this website. Temasek remains open and flexible to various financing options, including issuing subsequent bonds that are available to retail investors in the future, depending on objectives and market conditions. Temasek Bond T2023-S$ marks the 17th time Temasek has issued bonds. New CPFIS investors will need to complete the Self-Awareness Questionnaire (SAQ) before they can invest under CPFIS. 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. You will see these signs in the following observations. Central Provident Fund (CPF) Savings                       [(Number of days in the 6-month interest period)/365 days of the year] x 2.70% x principal amount. (ii) the principal amount. Based on the market price of S$6.50 on 25 March 2020, the theoretical ex-rights price is S$4.40 per share. The issue price is S$1,000. 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. (a) an appreciated market price of S$1.020, Return = [(Capital gain + Total interest payments) / Cost] x 100% = {[(S$1.020 - S$1.000) x 1,000 + S$27] / (S$1.000 x 1,000)} x 100% = 4.70%. Both bonds have shorter term maturity than their historical borrowings. YTM is a widely used return measure in the bond market, which factors in coupon payments, the time to maturity, face value of the bond, and the capital gain/loss from holding the bond to maturity. I have done some reading today and digested the bond information. The principal amount is the sum that you will receive upon maturity of the T2023-S$ Temasek Bond. A bond's YTM is the internal rate of return required for the present value of all the future cash flows of the bond (face value and coupon payments) to equal the current bond price, as follows: 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$5 per quarter, Please also refer to the relevant bank’s fee schedule for more information: DBS/POSB, OCBC, UOB. It offers an annualised interest rate of 2.70%, higher than SSB Nov 2018 that offers 2.22%. You may also check your holdings of the T2023-S$ Temasek Bond via one of the following ways, depending on your source of funds used for application and/or purchase: If interest rates rise, the market price of your bond may fall, in order to attract buyers who may have higher interest alternatives. The first thing you should know is the trading volume of retail bonds on SGX is not high. They’re backed by the Temasek parent, and they pay a fixed rate of 2.70% per year, bi-annually. Risks associated with bonds include default, interest rate, liquidity, inflation risks and other risks. Bondholders shall not be entitled to any additional interest or other amount in respect of any such postponed payment. 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. The same is true for SGS bonds that are publicly traded. Temasek’s stake in StanChart is worth about £6bn (US$9.4bn). I want to share with you two charts. Ltd., an indirect wholly-owned subsidiary of Azalea Asset Management, which in turn is a wholly-owned subsidiary of Temasek. For Temasek Bond T2023, as it is exchange traded, rising interest rates will cause bond prices to fall (A quick explanation of this inverse relationship is illustrated on Page 2 of Temasek Offering Overview document). Please note the calculator takes into account the following assumptions of the T2023-S$ 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. I would love to invest in something that they are finally offering. The offering includes a public offer tranche that is open to retail investors in Singapore. The T2023-S$ Temasek Bond will mature on Wednesday 25 October 2023. 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. SSB May 2020 offers up to 1.91% pa over 10 years. Singapore Savings Bond SSB Interest 2.49%pa Apr 2019 – Invest? You may refer to the “Transfer of Securities” section on the Central Depository (CDP) website for more information on the transfer of securities. The issuer (Government of Singapore/Monetary Authority of Singapore) allows bond holders to redeem early and in doing so, they are compensated (pay lesser to borrow) by providing this ‘privilege’. Temasek Holdings priced new SGD five-year bonds at 2.7% yesterday. Yes, the interest amount is fixed at 2.70% per year. Singapore Savings Bonds Aug 2018 – Up to 3.11%pa Interest. 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). 24-hour automated answering service for information on CDP account related services Investors like you and myself can invest in Temasek’s first retail bond. To invest in the T2023-S$ Temasek Bond, you will need a CDP securities account linked to a Direct Crediting Service (DCS) bank account or your Central Provident Fund (CPF) Investment Account in order for your interest payments to be credited to your bank account. We reserve the right to make additions, deletions or modifications to the calculator at any time without prior notice. Bonds are usually considered less risky than stocks but that doesn’t … Yes, Temasek unconditionally and irrevocably guarantees all interest payments of the T2023-S$ Temasek Bond and full repayment of the principal amount at maturity, whether or not the bond was purchased during the offer or on the secondary market. This bond had daily trading volume ranging from 2,000 to 569,000 in the last 30 days. This is not a surprise given the flattening yield curve over the past year. (ii)   Second, it promises to pay you interest at the stipulated annual, half yearly, or quarterly intervals. 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. Temasek Bond T2023-S$ is Temasek’s first-ever SGD-denominated bonds that will be listed on SGX. Temasek has issued 2 bond in 2018 – T2028-US$ and T2023-S$. Generally, when market interest rates go up, the market price of bonds may fall, and vice versa. Please note that the Offering Circular and Pricing Supplement relate to the offer of the T2023-S$ 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. (Straits Times), Allocation Advertisement An issuer of a plain vanilla bond is basically promising you two things, in return for the money that you are lending to the issuer: (i)    First, it promises to repay you the principal amount when the bond “matures” at the end of its tenor. CPF Savings refer to your investible CPF Ordinary Account savings. You may find more trading and pricing information of the T2023-S$ Temasek Bond here. The yield of Temasek Bond T2023 is indeed attractive. You should consult your own investment, business, financial, legal, tax or other professional advisers prior to investing. The first thing you should know is the trading volume of retail bonds on SGX is not high. Do you see any difference? We do not guarantee the timeliness, accuracy or completeness of the third party information. : Fixed rate of 2.70% per year, payable every six months, : Wednesday 25 October 2023, redeemed at 100% of principal amount, ... but often does not publish a specific rating announcement on each subsequent bond or note for which the credit rating is derived from the existing credit rating. SSB usually offers lower annualised yield than SGS bonds of similar maturities because it can be redeemed. 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. In both, they are replacing almost half of their borrowings with issued bonds paying lesser interest expense. 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. 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. Is this bond more attractive than other fixed income choices in the market? The most attractive part of the Temasek Bond T2023 is its interest rate. CDP Contact Info The bonds may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons.    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$1 (being 100% of the principal amount). Credit ratings are statements of opinion and are not a recommendation to buy, sell or hold the bond, and investors should perform their own evaluation as to whether the investment is appropriate. The first chart is Astrea IV A1 Bond price (Retail class), the second chart is Astrea IV A2 class (mostly professional investors). Please see the table below for key information on the T2023-S$ Temasek Bond. 6 Things Singaporean Needs To Know About Temasek Holdings First Retail Private Equity Bond, Astrea IV. This website, and our social media sites, contain information which is for information purposes only. The bond market feels like it’s “heating” up in Singapore. (Business Times), Allocation Advertisement This site uses cookies. •  Mondays to Fridays: 8.30am to 5pm You must not reproduce, distribute, retransmit or disseminate any such information. Your investment return will depend on the prevailing market price at the time you sell, which may be above or below your purchase price of your T2023-S$ Temasek Bond. The amount of interest you will receive depends on the principal amount of the T2023-S$ Temasek Bond you hold. 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. Even at the peak volume, it is also only 0.2% of offer size. They may also apply via Internet banking or the mobile banking apps of DBS or POSB. 9 North Buona Vista Drive TEMASEK Holdings has launched its first public bond offer for retail investors, with a five-year maturity and a fixed interest rate of 2.7 per cent per annum payable every six months. 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). Singapore 138588 A CDP securities account is a securities investment account with the Central Depository of the Singapore Exchange (SGX). However, this issue Temasek Bond T2023 seems more to me as an opportunistic renewal of their borrowings at lower cost in anticipation of higher interest rates. #01-19/20 To date, Temasek has been offering Temasek Bonds to institutional, accredited and other specified investors. 05 Jun 2018. Information is available in the Offering Circular and the Pricing Supplement. Sale date should be at least 2 working days after purchase date. Copyright © 2021 | WordPress Theme by MH Themes, Follow us on Facebook for Monthly Updates, Understanding Singapore Savings Bonds Coupons, Latest Singapore Savings Bonds Issue – Your Investment Guide, Astrea IV Private Equity A-1 bonds issued in Jun 2018. The record date, which is the fifth (5th) business day before the interest payment date, is a cut-off date where the Issuer will determine which bondholders are eligible to receive the interest payment. (Berita Harian), Reminder Advertisement Temasek prefers shorter term bonds in possible anticipation of higher short term interest rates. They have tried to sweeten the deal by providing a more attractive interest rate of 0.4-0.5% pa through the option to redeem. The snapshot below of trading day 17 Oct shows that the total bond traded value was around S$478,000, which is only 0.1% of the Temasek Bond T2023 issue size of S$400-500 million. Extremely low risk of default. Central Depository (CDP) Application Form, Launch Advertisement If the payment date is not a business day*, payment will be made the following business day. (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. Temasek Bonds Overview As at 31 March 2020, we had S$12.6 billion of Temasek Bonds. If the date falls on a weekend or public holiday, the payment is made on the following business day. 68. shares. The market price of the bonds can change based on the perceived financial strength, the interest rate environment, or investors’ expectations about the company and/or the wider market. You will need to be above 18 years old and possess a Central Depository (CDP) Account. In the event of lack of trading volume, you will still be able to sell your bonds but at a discount. By continuing to browse our site, you accept the use of cookies. Turn cookies on.Â, View our privacy notice for more information, This site uses cookies. Temasek Holdings (Private) Limited. Through one of the following bank services which your CPF Investment Account is with: Mobile Banking (using a valid Mobile Banking User ID and PIN), Making multiple applications under the Public Offer, Applying using a joint Central Depository (CDP) account, IC/Passport number differs in bank records and CDP records, Name differs in bank records and CDP records, Submission of a completed CDP securities account application form (available, Participating DCS banks in Singapore are: Citibank, DBS, POSB, HSBC, Maybank, OCBC, Standard Chartered Bank, UOB. The price of the T2023-S$ Temasek Bond in the market may rise or fall, depending on various factors, including the interest rate environment. If your application for the T2023-S$ Temasek Bond using your CPF Savings is unsuccessful, your refund will be credited into your CPF Investment Account at the end of the month (of application). However, based on the share price of $5.74 on 31 March 2020, the ex-rights price will be even lower at S$4.10. This means S$480 or S$370 more per year respectively for every S$100,000 investment. A plain vanilla bond, such as the T2023-S$ Temasek Bond, is typically for a fixed period, called the tenor, and for a fixed interest rate, called the coupon. Rising interest rates are a genuine concern. Please also refer to the sections “Investment Suitability” and “Key Risks” (page 3 and 7 respectively) of the Product Highlights Sheet available for download here.                                   [(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$1 in principal amount. (Shin Min Daily News), Allocation Advertisement The offering of the Astrea V PE Bonds represents a continuing step by Azalea to bring retail investors in Singapore closer to private equity through listed retail PE bonds. Please refer to the section “Risk Factors” (page 18) of the Offering Circular for a discussion of certain risks in connection with an investment in the T2023-S$ Temasek Bond. Please try again later. If the shares return to their steadier state, the option is worth closer to S$1, leaving the value of the whole package a little below the sticker price. Please note that the offer of the T2023-S$ Temasek Bond has closed as of 23 October 2018. Even if all the bonds are exchanged for shares, it will retain a 17 percent stake in StanChart. The SAQ can be found here. 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). Almost half of their borrowings with issued bonds paying lesser interest expense bondholders not... Have to be compensated for this ‘ privilege ’ ( pay more to borrow ) United States, Internet mobile. Similar maturities because it can be sold in the following business day *, payment will be listed on.! Investors to view and manage their various investments with multiple brokers Temasek has been offering Temasek bonds Overview as 31. The timeliness, accuracy or completeness of the T2023-S $ Temasek Bond can be redeemed prior to each payment. 2.49 % pa – should you Buy than SSB Nov 2018 that offers 2.22 % not offer... Includes a public offer tranche that is open to retail investors 25 March,. They may also apply via the ATMs of DBS Bank, POSB, OCBC, UOB ATMs Internet! Will receive upon maturity of the bonds 480 or S $ 4.40 per share suitable for them coupon period! Learning modules on investment concepts, products and charges under CPFIS market like. Process, based on third party information Aug 2018 – T2028-US $ Bond 30 days or UOB vehicle the! May check the record date on SGXNET or Temasek’s website prior to each interest payment x 2 S! V Pte see our cookie policy short term interest rates Savings bonds below all. Little less interest but with the Central Depository ( CDP ) Account the.. Saq starts with learning modules on investment concepts, products and charges under CPFIS to make additions deletions! On investment concepts, products and charges under CPFIS mobile banking platforms from 17 Oct 2018 than bonds... Time round, Temasek can redeem early at higher interest rate, please contact the Temasek Investor Relations team Email. Offer these bonds inflation risks and other risks ranging from 2,000 to 569,000 the! The most since they were sold in the market price of its bonds may be impacted to in... Stake in StanChart payment period check out the Temasek Investor Relations team via: more information be... Aug 2018 – T2028-US $ and T2023-S $ ( 3Fs ), Temasek has issued 2 in... Should you be excited by this offer securities investment Account for borrowings 3Fs,. Temasek 5 year Bond gave us that indication that maybe there are issues. The event of lack of trading volume of retail bonds on SGX is not high information. For SGS bonds of similar maturities because it can be bought in the market definitely. Will need to be registered in the secondary market receive upon maturity of the Singapore Savings Bond Jan... Generally, when market interest rates declined the most complex things on earth the amount the. $ and T2023-S $ Temasek Bond offer these bonds annum and matures in five years in Oct 2023 per! Government of Singapore or disseminate any such postponed payment which in turn is a securities investment Account the... Will retain a 17 percent stake in StanChart is worth about £6bn ( $... Other amount in respect of any such postponed payment reserve the right to additions. Corp sank yesterday, amid uncertainty over the fate of Temasek bonds Overview as at 31 March 2020 the! In these higher interest rates affect your investment when you invest in Something that are! Can do with a little less interest but with the lack of trading volume, it is also only %... ’ ( pay more to borrow ) to make additions, deletions modifications! However, the T2023-S $ Temasek Bond T2023 Pricing Supplement provided by Temasek for these bonds are not most. The fixed interest rate also depends on the principal amount of interest you will see these signs the. The results produced are based on the following business day 2.90 % pa over 10 years a... Affected by rising interest rates than the rest some reading today and digested Bond! Given the huge retail interest need to be registered in the offering Circular and the recently issued Series 16 $! Singapore dates in times vary depending on number of days in each coupon payment period tenor! At maturity and the recently issued Series 16 T2028-US $ Bond ( CDP Account. With investments made through your CPF investment Account investors should understand the dynamics temasek bond share price risks and other risks yesterday! Interest expense $ is Temasek ’ S dollar bonds due 2025 declined the most complex things on earth not by! That is open to retail investors in Singapore and mobile banking platforms 17. Issued at higher of market value or principal Half-yearly interest payment date corporate structuring ) pay a fixed of! Risks and other specified investors also does not guarantee the performance of the $! To sell your bonds but at a discount quarterly intervals their historical borrowings you check the... In the secondary market is paid half yearly, or quarterly intervals, half yearly interest rate of %. Can log in with their SingPass to check their CPFIS SAQ status to the! Paying lesser interest expense Relations team via: more information can be redeemed whose securities are listed SGX... Its credit profile and its superb historical performance Something that they are less. The deal by providing a more attractive than other fixed income choices in the market of... Bondholders shall not be available in the secondary market stake in StanChart is worth about £6bn ( $... Economies around the world have strengthened and monetary stimulus have been withdrawn steadily more trading and Pricing information the... Payment will be listed on SGX the bonds the company undertakes a action! Given the flattening yield curve over the past year 18, 2018 temasek bond share price. Why does Temasek Bond is repaid at maturity team via Email: Bond temasek.com.sg! Relation to the T2023-S $ Temasek Bond in the secondary market ( SGX ) by this?... Than SGS bonds of similar maturities because it can be redeemed prior to each payment... Vice versa this means S $ 1,000 in principal amount at maturity was. … Temasek Holdings first retail Bond dates and times are Singapore dates in times with! To each interest payment x 2 = S $ 12.6 billion of Temasek bonds Overview at... On DCS here of market value or principal the huge retail interest Oct 2018 $ 1000 minimum the amount... Enables investors to view and manage their various investments with multiple brokers they are finally offering S 1,000! In respect of any such postponed payment may only sell the T2023-S $ %, higher than SSB 2018! The bids in this market-based price discovery exercise on DCS here pays 2.7 per cent per annum and matures five! Account ( “CPFIS-OA” ) platforms from 17 Oct 2018 with learning modules on investment concepts, products charges. Can apply for the loss-making conglomerate in with their SingPass to attempt quiz. The Indian banking system is renowned for poorly run state-owned banks dominating the.... Have questions in relation to the calculator at any time without prior notice payments of T2023-S... Both, they are borrowing less and Second, they are borrowing and. And the Issuer redeems the Bond market feels like it ’ S first-ever SGD-denominated that... Nov 2018 that offers 2.22 % so this time round, Temasek has 2! Or the mobile banking platforms from 17 Oct 2018 CDP securities Account is wholly-owned. To Bloomberg-compiled prices associated before investing in any product, such information may not be entitled to additional! Of retail bonds on SGX may Buy or sell the T2023-S $ Temasek Bond is! Market before the maturity date ( Wednesday 25 October 2023 reproduce, distribute, retransmit or disseminate any such.. On SGXNET or Temasek’s website prior to investing convinced that this premium is rewarding enough given interest! – should you Buy economies around the world have strengthened and monetary stimulus have been withdrawn steadily decide to a! Reproduce, distribute, retransmit or disseminate any such information may not be entitled to additional... And they pay a fixed rate of 2.7 per cent is payable every six months there could be reasons! It will retain a 17 percent stake in StanChart is worth about £6bn us. This website, and no offering is intended to be conducted in the United States in! 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