Temasek sells its first 30-year bonds

Financial Times, 18 Nov 2009
Temasek, Singapore’s state investment company, sold its first ever tranche of 30-year bonds on Tuesday, just a month after completing its first bond sale in four years.
The $500m of bonds were priced to yield 115 basis points more than comparable US Treasuries, offering investors a longer-term alternative to the $1.5bn of 10-year bonds it issued last month.
Talk in the market was that the transaction was launched and priced in 30 minutes, thanks to two large buyers who had lined up the deal in advance.
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