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Our Temasek Bonds and Euro-commercial Paper provide a flexible balance between long and short term funding.
As at 31 March 2019, we had S$13.8 billion of Temasek Bonds and S$1.3 billion of ECP outstanding, in equivalent Singapore Dollar value. The weighted average maturity for Temasek Bonds was over 10 years, and above two months for our ECP.
In October 2018, we issued the S$500 million T2023-S$ Temasek Bond which included a S$300 million tranche for retail investors in Singapore. This public bond offer broadened our stakeholder base and provided Singapore retail investors an opportunity to invest in a Temasek Bond for the first time.
All Temasek Bonds have received the top ratings of Aaa/AAA by Moody’s Investors Service (Moody’s) and S&P Global Ratings (S&P) respectively. Our ECP Programme has similarly been assigned top short term ratings of P-1/A-1+ by Moody’s and S&P respectively.
Our Credit Profile is based on Temasek’s financial position as an investment company. It is a quantitative snapshot of our credit quality. It is not a recommendation to buy or sell our Temasek Bonds or ECP.