Jun
21
Temasek Unit Raises $510 Million Via Private Equity-Backed Bonds
By-
Two tranches are listed, in a first for such bonds in nation
-
Deal subscribed more than 8 times, a third sold to individuals
A unit of Singapore state investment company Temasek Holdings raised $510 million via bonds backed by its interests in private equity funds that co-invest with industry powerhouses such as Blackstone Group LP and KKR & Co.
Two of the tranches of the debt totaling $440 million are listed, in a first for such notes in the country, according to a statement from Azalea Asset Management, which is wholly-owned by Temasek. The bonds were issued by Astrea III, a vehicle that holds interests in 34 private equity funds that is sponsored by an Azalea unit…
Temasek Unit Raises $510 Million Via Private Equity-Backed Bonds
