Mockngbrd Supersonic October 19, 2011 Share October 19, 2011 Temasek to raise up to $800 million with bond offer Singapore investment firm Temasek Holdings is raising up to $800 million from large investors by selling a type of bond rarely seen here. The deal involves investors buying bonds that can be exchanged for Standard Chartered Bank shares at a pre-set price. Temasek is Stanchart's biggest shareholder, with a stake of about 18.2 per cent. The bond sale allows it to generate cash from its stake in the bank without having to sell its shares now. Institutional investors, on the other hand, get to take a punt on Stanchart shares rising, with minimal risk of losing their capital. ↡ Advertisement Link to post Share on other sites More sharing options...
Shull Turbocharged October 19, 2011 Share October 19, 2011 Hmmm.. are they so cash strapped??? Link to post Share on other sites More sharing options...
Moredhel 2nd Gear October 19, 2011 Share October 19, 2011 Hmmm.. are they so cash strapped??? 800m, goes to 'projects'. 'Projects' 'lose' money, money goes to bank accounts. Issue bonds. Sounds ponzi. Link to post Share on other sites More sharing options...
Gendut 2nd Gear October 19, 2011 Share October 19, 2011 What do you expect? Spawns of peasants and farmers trying their hand at international finance will eventually get burnt. Link to post Share on other sites More sharing options...
Sk65 1st Gear October 19, 2011 Share October 19, 2011 800m, goes to 'projects'. 'Projects' 'lose' money, money goes to bank accounts. Issue bonds. Sounds ponzi. i think your defination needs to include redemption, default, more issue then can qualify ponzi. Link to post Share on other sites More sharing options...
Curahee 1st Gear October 19, 2011 Share October 19, 2011 Hmmm.. are they so cash strapped??? Yah lo, since their one yr admin cost is 8000 million SGD, why wanna raise a pathetic 800 million by selling bond. Link to post Share on other sites More sharing options...
Gukubird Neutral Newbie October 19, 2011 Share October 19, 2011 Can use CPF to buy or not? even if they lose money, i think the book will still look very good. Sure win one Link to post Share on other sites More sharing options...
Kiadaw 6th Gear October 19, 2011 Share October 19, 2011 Yah lo, since their one yr admin cost is 8000 million SGD, why wanna raise a pathetic 800 million by selling bond. What do you mean admin cost is 8 billion? I think that's enough money to feed more than a few African nations per year. Link to post Share on other sites More sharing options...
Curahee 1st Gear October 19, 2011 Share October 19, 2011 What do you mean admin cost is 8 billion? I think that's enough money to feed more than a few African nations per year. Temasek Holdings incurred $8 billion dollars in administrative costs in 2009 April 23rd, 2010 According to a report posted on the website of Temasek Holdings, it incurred a whooping $8 billion dollars in administrative costs for the financial year 2008/2009. The other expenses for 2009 are broken down as follows: Selling and Distribution $5.042 billion or 3.57% of assets Finance charges $2.727 billion or 1.93% of assets Other operating expenses $15.333 billion or 10.88% of assets Temasek Holdings is staffed by 350 people. In its 2009 financial statements and balance sheets, Temasek had $140.953 billion in assets which was down from $169.844 billion in 2008, representing a loss of $28.9 billion dollars or 17 percent of its portfolio. The matter was not reported by the Singapore media. Temasek Holdings had suffered a series of investment losses last year in the midst of the global financial crisis, most notably its ill-timed purchase and sale of U.K. bank Barclays. Though it is owned entirely by the Ministry of Finance, it has always portrayed itself as a private Asian investment vehicle. It is currently headed by Madam Ho Ching, the wife of Singapore Link to post Share on other sites More sharing options...
Darthrevan Supercharged October 19, 2011 Share October 19, 2011 What do you expect? Spawns of peasants and farmers trying their hand at international finance will eventually get burnt. my sentiments exactly Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 19, 2011 Share October 19, 2011 Temasek to raise up to $800 million with bond offer Singapore investment firm Temasek Holdings is raising up to $800 million from large investors by selling a type of bond rarely seen here. The deal involves investors buying bonds that can be exchanged for Standard Chartered Bank shares at a pre-set price. Temasek is Stanchart's biggest shareholder, with a stake of about 18.2 per cent. The bond sale allows it to generate cash from its stake in the bank without having to sell its shares now. Institutional investors, on the other hand, get to take a punt on Stanchart shares rising, with minimal risk of losing their capital. History repeates itself. So I wonder if someone deliberately repeated the same issue for ulterior motives. Link to post Share on other sites More sharing options...
Mecontle 1st Gear October 19, 2011 Share October 19, 2011 i rather trust malaysia shares then hole jinx Link to post Share on other sites More sharing options...
Celicar Turbocharged October 19, 2011 Share October 19, 2011 Ex-SGX CEO recently say bye bye to Tama,sick for "personal reasons". Link to post Share on other sites More sharing options...
Expertz 1st Gear October 19, 2011 Share October 19, 2011 this is why they are relooking into adjusting our CPF min age for withdrawal Link to post Share on other sites More sharing options...
Itsec 2nd Gear October 19, 2011 Share October 19, 2011 nb.... 8B for admin costs... !!! how to get in huh??? i dont mind quit my current senior exec position, wipe table or clean toliet bowl..maybe i earn double by doing this!!! Link to post Share on other sites More sharing options...
Booboon 1st Gear October 19, 2011 Share October 19, 2011 wat is yt surname? Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged October 20, 2011 Share October 20, 2011 Those who buy in must be idiots.. Link to post Share on other sites More sharing options...
Mr_b20 6th Gear October 20, 2011 Share October 20, 2011 CPF money use finish liao ah ↡ Advertisement Link to post Share on other sites More sharing options...
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