Establishment of S$5 billion guaranteed medium term note programme by Temasek Financial (IV) Private Limited
A&G News 3 September 2018
Allen & Gledhill advised Temasek Financial (IV) Private Limited (“Temasek Financial (IV)”) on the establishment of a S$5 billion guaranteed medium term note programme (the “Programme”).
Temasek Holdings (Private) Limited (“Temasek Holdings”) will be the guarantor for notes issued under the Programme.
Allen & Gledhill also advised DBS Bank Ltd. (“DBS Bank”), which was appointed arranger of the Programme, and DBS Bank, The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC Singapore”), Oversea-Chinese Banking Corporation Limited (“OCBC”), Standard Chartered Bank (“Standard Chartered”), Standard Chartered Bank (Singapore) Limited (“Standard Chartered Singapore”) and United Overseas Bank Limited (“UOB”), which were appointed dealers of the Programme.
The Programme allows for notes to be offered to retail investors in Singapore pursuant to the regulatory frameworks introduced by the Monetary Authority of Singapore and the Singapore Exchange Securities Trading Limited in May 2016 to facilitate retail access to debt securities.
Advising Temasek Financial (IV) and Temasek Holdings as to Singapore law were Allen & Gledhill Partners Yeo Wico, Jeanne Ong and Wu Zhaoqi.
Advising DBS Bank, HSBC Singapore, OCBC, Standard Chartered, Standard Chartered Singapore and UOB as to Singapore law were Allen & Gledhill Partners Margaret Chin and Daselin Ang.
Advising Temasek Financial (IV) and Temasek Holdings as to Singapore tax issues was Allen & Gledhill Partner Sunit Chhabra.