(Bloomberg) — An Asian investment giant is marketing 50-year dollar bond, joining a flurry of issuers in the region raising funds in the offshore market.
Singapore’s Temasek Holdings Pte is taking orders for a three-tranche deal which includes a bond due in 2070, it said in an exchange filing. The 50-year portion is its longest-ever maturity, according to data compiled by Bloomberg. That’s after mall operator Scentre Group this month raised $3 billion through a 60-year callable bond.
Spreads on corporate bonds globally have increased in recent days as investors reassess risks from the pandemic. But they remain down from the highs they hit in March, and issuers in Asia ex-Japan have sold a record $254 billion so far this year.
Temasek is raising money to replenish capital at a number of companies in its portfolio, it