Singapore's Temasek to issue 2.7b offshore Chinese yuan bond

SINGAPORE - Singapore's state investment firm Temasek will issue 10-year and 30-year offshore Chinese yuan bonds with a total worth of 2.7 billion yuan ($379 million), according to the latest announcement from the firm.

The 1 billion 10-year bond's yield to maturity is 2.75 percent per annum. The 1.7 billion 30-year bond's yield to maturity is 3.10 percent per annum.

The bonds are rated Aaa by Moody's and AAA by S&P, said the announcement.

The offering is scheduled to close on Aug 28, and the bonds will be listed on the Singapore Exchange on Aug 29.