| Triple A rated Singapore state-owned investment holding company Temasek Holdings raised S$500m (US$388m) from an issue of two-year zero-coupon EBs exchangeable into shares of Hong Kong-listed consumer product sourcing company Li & Fung.
The conversion price was set at HK$23.80, a 40.165% premium to the December 7 closing, and in the middle of the 37%–43% premium guidance. The EBs were issued at par without an investor put option. Credit Suisse was sole bookrunner. There is a S$100m greenshoe that can be used within 30 days of the settlement date...............................................Full Article: Source
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