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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singaporean fund eyes Pru rights issue

Posted on 06 May 2010

From Cityam.com: Temasek, Singapore’s largest sovereign wealth fund, is considering lending its support to Prudential’s $21bn (£13.9bn) rights issue as a cornerstone investor.
The $120bn (£79.4bn) government investment vehicle is one of several Asian institutions looking with interest at the terms of the rights issue published this morning. The exact price and timing of the cash call will be important to Temasek, market sources said, as will Prudential’s future growth forecasts………………………………………Full Article: Source


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