Temasek unit may soon bring PE equity products as retail bonds see strong demand

Temasek unit may soon bring PE equity products as retail bonds see strong demand

Commercial buildings in the central business district are illuminated at dusk in Singapore. Photographer: Brent Lewin/Bloomberg

Singapore state investor Temasek unit Azalea Investment Managemen said its latest public offer for $132 million private equity backed retail bonds – Astrea V – received a strong response, being oversubscribed about 4.5 times.