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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.
