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Temasek's first $1 billion 40-year Singapore dollar-denominated bonds were so popular that it was sold out in 90 minutes.

And 89% of the subscribers are insurers, with remaining 9% to funds and 2% going to banks. This is not surprising, as it

meets the long-term needs of stable returns required by insurers.

The bond, which matures in August 2050 will have yield of 4.2% p.a.. It is rated AAA by both Standard & Poor's and Moody's

Investors Service. Temasek will use the net proceeds from the bond issue to fund its ordinary course of business.

This bond is the longest dated SGD bond yet issued, double the length of the longest dated Singapore government bond.

DBS Bank and Standard Chartered Bank are the joint Lead Managers and Bookrunners for this issuance.