SINGAPORE: All retail investors who subscribed to Temasek Holdings' first public bond offer will get all or a proportion of the bonds they applied for, the Singapore state investment firm announced on Wednesday (Oct 24).
Those who applied for up to S$6,000 of bonds stand to receive their full application, while those who applied for amounts above S$6,000 will get between S$6,000 and S$9,000.
More than 80 per cent of the issued bonds will go to investors who applied for between S$7,000 and S$100,000 of bonds. They will each be allocated S$6,000.
(Source: Temasek Holdings)
Due to strong demand that saw retail investors submitting valid applications of around S$1.68 billion for S$200 million worth of bonds, Temasek exercised the option to upsize the issue size to S$300 million, an increase of S$100 million.
Interest among institutional investors was similarly robust, with more than seven times the offered amount or about S$1.4 billion in bids received.