Temasek Holdings, Singapore’s government-owned investment company, raised US$1.5 billion ($2.1 billion) from its first bond sale in four years.
The company sold 10-year, 4.3% notes with help from Deutsche Bank AG, Goldman Sachs Group Inc. and Morgan Stanley that were priced to yield 95 basis points more than similar- maturity U.S. Treasuries, according to data compiled by Bloomberg. The yield spread narrowed to 90 basis points as of 10.13 a.m. in Singapore, Deutsche Bank prices show.
