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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Temasek taps banks for bond offering

Posted on 20 October 2009

From Nytimes.com: Temasek Holdings, a Singapore sovereign wealth fund whose bets on Western banks helped drive its profit down 67 percent in the last year, has tapped Deutsche Bank, Goldman Sachs and Morgan Stanley to help it sell 10-year bonds in United States dollars.

The fund announced Monday that the sale will be benchmark, which typically means at least $500 million, without being more specific, Bloomberg News reported…………………..Full Article: Source

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