01.08.2011 - Dim Sum, Temasek?
Temasek Holdings, Singapore's influential sovereign-wealth fund, is meeting with investors to discuss new bond issues. Rated triple-A by both Moody's and Standard & Poor's, and with ample liquidity—its net cash increased by US$10.8 billion in fiscal year 2011—the fund has no problem raising debt. It's just a question of how much, and in which currency. One likely option is a dim-sum offering. While dim-sum bonds are not the cheapest to issue, Temasek is heavily exposed to yuan through its many Chinese investments, and needs to hedge its currency risk..............................................Full Article: Source
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