July 19 (Reuters) – Singapore state investor Temasek Holdings [TEM.UL] is looking to sell sterling-denominated bonds, its first issue in the British currency, sources with knowledge of the deal told Reuters.
Temasek could do a benchmark issue — which in industry terms is at least $500 million equivalent, sources said.
UBS (UBSN.VX), Deutsche Bank (DBKGn.DE), HSBC (HSBA.L) are likely to be lead managers for the sale, sources said.
Temasek and the banks declined to comment.
“They see sterling as an additional pool of capital for them,” said one of the sources who spoke to Reuters.
(Reporting by Saeed Azhar and Kevin Lim; additional reporting by Saikat Chatterjee in Hong Kong)