Temasek Offers Financing to Bidders for Senoko Power (Update2)

Bloomberg.com, 2 Sep 2008, Dinakar Sethuraman

Sept. 2 (Bloomberg) -- Temasek Holdings Pte, Singapore's government-owned investment company, is arranging financing for bidders for Senoko Power Ltd., the country's largest utility, after a global credit crisis reduced availability of funds.

Credit Suisse Group AG and Morgan Stanley & Co., advising Temasek on the sale, will organize a bridge loan for two years at a cost of about 2.5 percentage points over the London Interbank Offered Rate,.....

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