Temasek eyes first euro-bond sale in four years

It may sell 12-year and 30-year benchmark notes.

Temasek Holdings is eyeing its first euro-bond sale in almost four years, as low borrowing costs draw more Asian issuers to Europe.

The state investor is looking to sell 12-year and 30-year benchmark notes. The AAA rated issuer is the largest shareholder in a list of Singaporean companies including Singapore Airlines, Keppel Corp and SingTel.

Temasek could also join a wave of Asian and global issuers turning to Europe's bond market, as negative interest rates and investor demand holds down borrowing costs versus dollars. China sold its first euro bond in 15 years last week, stoking a record year for emerging-market euro sovereign sales, and US companies have also issued an unprecedented amount of single-currency notes.

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