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#1

Posted 19 October 2011 - 02:03 PM

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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.


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#2

Posted 19 October 2011 - 02:06 PM

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Hmmm.. are they so cash strapped??? unsure.gif
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#3

Posted 19 October 2011 - 03:18 PM

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Hmmm.. are they so cash strapped??? unsure.gif


800m, goes to 'projects'. 'Projects' 'lose' money, money goes to bank accounts. Issue bonds.

Sounds ponzi.
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#4

Posted 19 October 2011 - 03:42 PM

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What do you expect?

Spawns of peasants and farmers trying their hand at international finance will eventually get burnt.
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#5

Posted 19 October 2011 - 04:00 PM

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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.
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#6

Posted 19 October 2011 - 04:01 PM

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Hmmm.. are they so cash strapped??? unsure.gif


Yah lo, since their one yr admin cost is 8000 million SGD, why wanna raise a pathetic 800 million by selling bond.

#7

Posted 19 October 2011 - 04:31 PM

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Can use CPF to buy or not?

even if they lose money, i think the book will still look very good. Sure win one

#8

Posted 19 October 2011 - 04:39 PM

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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.

#9

Posted 19 October 2011 - 04:46 PM

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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’s Prime Minister Lee Hsien Loong.

Singapore’s other sovereign wealth fund GIC is led by the Prime Minister’s father, Mr Lee Kuan Yew.

The two funds managed Singapore’s national reserves which amounts to billion of dollars.

During a parliamentary session last year, Finance Minister Tharman refused to divulge details on Temasek’s modus operandi, claiming that it will not serve any “strategic purpose” to do so and the entire system is based on “trust”.


#10

Posted 19 October 2011 - 04:50 PM

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What do you expect?

Spawns of peasants and farmers trying their hand at international finance will eventually get burnt.


my sentiments exactly cool.gif

#11

Posted 19 October 2011 - 06:59 PM

Good-Carbuyer

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.

#12

Posted 19 October 2011 - 07:05 PM

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i rather trust malaysia shares then hole jinx

#13

Posted 19 October 2011 - 07:53 PM

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#14

Posted 19 October 2011 - 08:59 PM

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this is why they are relooking into adjusting our CPF min age for withdrawal

#15

Posted 19 October 2011 - 09:18 PM

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nb.... 8B for admin costs... !!! laugh.gif

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!!! laugh.gif
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#16

Posted 19 October 2011 - 09:43 PM

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wat is yt surname?
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#17

Posted 20 October 2011 - 11:47 AM

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Those who buy in must be idiots..
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#18

Posted 20 October 2011 - 03:06 PM

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CPF money use finish liao ah confused.gif

#19

Posted 20 October 2011 - 03:35 PM

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nb.... 8B for admin costs... !!! laugh.gif

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!!! laugh.gif


i think you can start by reading papers,

to know how to calculate the 8bil admin cost


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#20

Posted 12 June 2019 - 10:24 AM

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Inputs  plz........ Angcheek askin'  [laugh]

Latest tranche of Astrea PE bonds opens for public subscription

THE latest issuance of private equity-backed (PE) bonds by the Azalea Group opens for public subscription today, this time with a larger retail tranche to cater for an expected strong demand.

Astrea V PE Bonds are a US$600 million offering of three classes of bonds, with a structure very similar to Astrea IV last year. The bonds are backed by a US$1.3 billion portfolio of 38 PE funds.

Retail investors may subscribe for S$180 million worth of Class A-1 bonds, with a fixed coupon of 3.85 per cent. This is more than half of the total issuance of Class A-1 bonds of S$315 million. The balance is a placement tranche of S$135 million for institutions and accredited investors.

In a statement yesterday, Azalea said the placement tranche saw strong demand across all classes of bonds, with a combined placement orderbook in excess of US$3.4 billion equivalent from over 189 accounts. High quality institutions accounted for 70 per cent, including insurance companies, endowment funds and foundations. Accredited investors accounted for 30 per cent.

The Azalea group is a subsidiary of Temasek Holdings. Azalea holds more than US$4 billion worth of PE assets.

The public offer opens at 9am and closes at noon on June 18. The minimum subscription for A1 bonds is S$2,000.

Class A-1 bonds have a final maturity of 10 years and a mandatory call at the end of five years. The issuer is required to redeem the Class A-1 bonds on June 20, 2024, if there is sufficient cash set aside to repay Class A-1 bonds and other conditions are met. Otherwise the interest rate for Class A-1 bonds will have a one-time step-up of 1 per cent until the bonds are fully redeemed.

BT_20190612_GCASTREA12_3806316-page-001.

 

 

 

 

 


Edited by BanCoe, 12 June 2019 - 10:25 AM.

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