Temasek Sets Guidance On Two-Part Sterling Bond Issue -Source

19th Jul 2010 11:59

LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings has set price guidance on its two-part, sterling-denominated bond issue, a person familiar with the situation said Monday. The 12-year, GBP200 million bond is set to price between 97-100 basis points over gilts, while the 30-year, GBP500 million issue will price between 92-95 basis points over gilts. The size of both tranches will not grow. Deutche Bank AG, HSBC Holdings Plc, the Royal Bank of Scotland and UBS AG are lead managers on the deal, which will price in the near future, subject to market conditions. Temasek is rated triple-A by Moody's Investors Services Inc. and Standard & Poor's Corp. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 19, 2010 06:59 ET (10:59 GMT)