| A unit of Singapore state investor Temasek Holdings issued on Wednesday $510 million worth of bonds backed by cash flows from 34 private equity funds. The bonds, which were subscribed more than eight times, were aimed at tapping investors in private equity beyond the traditional base of a select group of wealthy individuals.
Demand came mainly from institutional investors, including insurance companies, endowment funds and foundations, according to Azalea Asset Management, a wholly-owned subsidiary of Temasek. About a third of the bonds were allocated to individual investors...............................................Full Article: Source
|