Twitter LinkedIn
    Saturday, July 2
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»Temasek-owned Vertex Venture Holdings raising S$450m in debt
    Fundraising

    Temasek-owned Vertex Venture Holdings raising S$450m in debt

    July 21, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Temasek-owned Vertex Venture Holdings, a private entity in the business of venture capital (VC), is issuing S$450 million of seven-year senior unsecured bonds with a 3.3 per cent coupon.

    This is the first time Vertex is publicly issuing bonds. The funds raised will be used for refinancing of existing borrowings, redemption of any redeemable preference shares, financing of investments, general working capital and general corporate purposes, going by an investor presentation seen by BT on Wednesday.

    The issuance was oversubscribed by about four times with an order book of over S$1.1 billion, Vertex later said in a statement. This is the first Singapore-dollar denominated public corporate bond issued by a global venture capital investment holding company.

    The bonds are expected to be issued on July 28. The issuance will diversify Vertex’s sources of long-term patient capital and offer fixed-income investors exposure to the VC industry not previously seen in the SGD bond market, the company added.

    Vertex Venture Holdings is an anchor investor in a global network of VC funds that invest in early-stage and growth-stage technology. It said its assets under management exceed US$4.5 billion.

    Read more/Source: The Straits Times 

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Deals Transactions Fundraising peinsider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Carlyle hires BlackRock’s McNeely to work with biggest clients

    July 1, 2022

    Permira considers sale of Funds Platform Alter Domus

    July 1, 2022

    Riveron, an H.I.G. Capital Portfolio Company, acquires Clermont Partners

    July 1, 2022

    ARCH Venture Partners closes $2.975bn Fund XII

    July 1, 2022

    Comments are closed.

    Other Articles

    Nuventura raises new funding to support global expansion of SF6-free gas insulated switchgear

    March 17, 2021

    Aon’s $30 bln Willis deal set to win EU approval

    April 30, 2021

    Online checkout firm Bolt valued at $11bn after Blackrock-led funding round

    January 27, 2022

    JPIN VCATS partners with a global investment leaders to raise USD13m for India’s social media start-up Chingari

    April 2, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?