By Alvin Foo

INVESTORS have reportedly pounced on a $1.5 billion sale of bonds by Temasek Holdings - its first such offering since 2005.

One report said the issue had sold out within hours with orders for US$4 billion (S$5.5 billion) worth of the 10-year bonds from around the globe far exceeding what was on offer.

Temasek offered a coupon of 4.3 per cent - the annual interest rate paid on the bond - which is nearly 1 percentage point better than for US Treasuries.

For more The Straits Times stories, click here.