Temasek Review 2021

Temasek Bonds

Our Temasek Bonds and Euro-commercial Paper provide a flexible balance between long and short term funding.

As at 31 March 2021, we had S$16 billion of Temasek Bonds and S$1.5 billion of ECP outstanding, in equivalent Singapore Dollar value. The weighted average maturity for Temasek Bonds was over 16 years, and above two months for our ECP.

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.