Singapore's Temasek Holdings mandates four banks for offshore renminbi bonds

An employee walks past the logo of Temasek Holdings Pte at the company's headquarters, in Singapore, on July 8, 2010. — Bloomberg

SINGAPORE: Singapore's Temasek Holdings has mandated multiple banks for the proposed issuance of 5-year, 10-year and 30-year offshore renminbi multi-tranche bonds, according to an announcement on Tuesday.

The four banks, Credit Agricole, DBS Bank, HSBC and Standard Chartered, are joint lead managers and joint bookrunners for the proposed notes, to be issued by Temasek Financial (I) and guaranteed by Temasek Holdings, the mandate said.