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Sovereign Wealth Funds Briefing 17.Jul 2012

Posted on 17 July 2012 by VRS |  Email |Print

TemasekSingapore state investor Temasek Holdings will sell a total of $1.7 billion in 10.5-year and 30-year bonds at yields slightly below its initial guidance.
Temasek will sell $1.2 billion in 10.5-year bonds priced at a yield to maturity of 2.466 percent per annum, which is a spread of 100 basis points over 10-year benchmark U.S. Treasuries, the Singapore sovereign investor said in a statement……………………………………….Full Article: Source

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Posted on 17 July 2012 by VRS |  Email |Print

Temasek Financial on Monday set a fresh record low coupon of 3.375% for a US dollar-denominated 30-year bond, coming inside the 3.60% achieved by agribusiness Monsanto Co just a week ago.
The company, which is guaranteed by Temasek Holdings, the Singapore government’s investment arm and one of the few Triple A-rated institutions left in the world, sold US$1.7 billion of debt in a two-part deal comprising 10.5-year and 30-year notes……………………………………….Full Article: Source

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Posted on 17 July 2012 by VRS |  Email |Print

Temasek Holdings Pte. Ltd. sold $1.7 billion worth of bonds Monday in a two-part deal, according to a person familiar with the offering. The Singapore state-owned bank priced $1.2 billion of 2.375% coupon, 10.5-year bonds at 2.466%, or 1.0 percentage point more than Treasurys, and $500 million of 3.375% coupon, 30-year bonds at 3.502%, a spread of 0.95 percentage point.
The offered yield on each fell from earlier pricing guidance, indicating strong demand……………………………………….Full Article: Source

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Posted on 17 July 2012 by VRS |  Email |Print

Constitutionally it is not right. In one of my appearances Chairman, Revenue Mobilization Allocation and Fiscal Commission (RMAFC) Engineer Elias Mbam criticized the governors because they are briefed by the formal minister of finance Olusegun Aganga, that at the inception of it everybody agreed that the idea was good.
The process is a different thing. The then minister briefed us at the National Assembly that it went through the national economic council, federal executive council, national council of states and the governors were present and they all agreed……………………………………….Full Article: Source

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Posted on 17 July 2012 by VRS |  Email |Print

A Qatari newspaper has reported the signing of a Memorandum of Understanding by Oman Investment Fund ( OIF ), a sovereign wealth fund of the Sultanate of Oman, with the Qatari public transport company Mowasalat, for the establishment of a major bus manufacturing and assembly project in the Sultanate.
Gulf Times quoted an unnamed official of Mowasalat as saying that the proposed venture would be the largest of its kind in the Middle East, and would meet the demand for buses across the Gulf region……………………………………….Full Article: Source

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Posted on 17 July 2012 by VRS |  Email |Print

Qatar Telecom (Qtel), the majority state-held telecoms operator, has offered to buy the remaining 47.5 percent stake it does not already own in Kuwaiti unit Wataniya, a Kuwaiti bourse statement said on Tuesday.
Qtel bought the Wataniya stake in 2007 for about $3.7 billion. Kuwait Investment Authority, the Gulf state’s sovereign wealth fund, has a 23.5 percent stake in Wataniya and the remaining shares are publicly held……………………………………….Full Article: Source

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