Singapore's Temasek Holdings mandates four banks for offshore renminbi bonds

Singapore's Temasek Holdings has mandated multiple banks for the proposed issuance of 5-year, 10-year and 30-year offshore renminbi multi-tranche bonds, according to an announcement on Tuesday.

The banks, Credit Agricole, DBS Bank D05, HSBC HSBA and Standard Chartered STAN, are joint lead managers and joint bookrunners for the proposed notes to be issued by Temasek Financial (I) and guaranteed by the Singapore state investment company Temasek Holdings, the mandate said.

The notes will be rated Aaa (stable) by Moody's and AAA (stable) by S&P, similiar with the guarantor. Size of the issuance was not disclosed in the mandate announcement.