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Calamity Rhymes with Opportunity

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T2023-S$ Bond
The mentality of institutional investors compared to retail investors when conducting their investment processes are vastly different. As the news continue to espouse on the end of the world and the domino like crashes of the US, China, Japan, Hong Kong stock indexes , Temesek holdings is quietly launching its T2023-S$ Bonds. Ignoring conspiracy theories about how TH is running out of money and thus borrowing from Peter to pay Paul, I believe that they are simply opportunistic and becoming a market maker through averse market sentiment. 
As TH is primarily an equities investor with a 5-10 year holding period, they are borrowing at a discount rate that seem attractive at present, but lacking if considering the opportunity costs of discounted equities and impending interest rate hikes. 
Demand seem to be exceedingly overwhelming and TH managed to raise sufficient capital, and even released additional placements to retail investors out of 'goodwill'.  This is facili…