The guaranteed notes are due 2027 and 2033

Davis Polk advised the joint lead managers on a Regulation S offering by Temasek Financial (I) Limited of €750 million aggregate principal amount of 3.25% guaranteed notes due 2027 and €750 million aggregate principal amount of 3.50% guaranteed notes due 2033 under its $25 billion guaranteed medium-term notes programme. The notes are guaranteed by Temasek Holdings (Private) Limited.

Temasek is an investment company with a portfolio of investments covering a wide range of countries and industry sectors. Temasek was incorporated in 1974 under the Singapore Companies Act and is wholly owned by the Government of Singapore through the Minister for Finance. Temasek has been assigned an overall corporate credit rating of “Aaa” by Moody’s and “AAA” by Standard & Poor’s. The Temasek Group had a net portfolio value of S$403 billion as of March 31, 2022.

The Davis Polk corporate team included partner James C. Lin, counsel – registered foreign lawyer Jennifer (Yujia) Jiang and registered foreign lawyer Allie Ma. Members of the Davis Polk team are based in the Hong Kong office.