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Frankly, I'm slightly disturbed. This is Temasek's 5th bond offering in as many months. Is Temasek really running out of money??
An other note, so far all the bonds have been rated triple A if I remember correctly, which is the highest grade possible. Given that even Warren Buffet's BH shares have been downgraded recently, I guess its safe to say that Temasek finances are still well and strong.
I wonder why Temasek not make the bonds available to the general public though. From what I know, they are only available to institutional investors. Given the relatively attractive yield of ~ close to 4%, they probably wouldn't have any problems raising the funds they need.
Maybe they get a better rate 'borrowing' from our CPF funds? Just a thought
Tuesday, February 9, 2010
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i'm no banker, and am quite ignorant to finance but it does intrige (or should that be perturb) me about temasek's recurring bond offering theme. not to mention the trickling news of that NY real estate investment, or the noticeable absence of news in the ST. a deafening sound of silence.
ReplyDeleteWhen there are no checks and balances, sh*t has to hit the fan before people will start to realize the disaster they have awakened to is too late to avert.
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