Temasek Holdings, Singapore’s government-owned investment company, priced $600 million of bonds that will raise money for general use.

Temasek’s US$300 million ($416 million) in 4% guaranteed notes due 2029 were priced to yield 62.25 basis points more than Singapore dollar swaps and the same amount of 4.2% guaranteed notes maturing in 2039 were priced at a 74.75 basis point spread, the company said in an e-mailed statement today. A basis point is 0.01 percentage point.

The offer is scheduled to close Dec 7, according to the statement. DBS Group Holdings is managing the sale, said a person with knowledge of the matter.

Temasek, which has top credit ratings from Moody’s Investors Service and Standard & Poor’s, sold its first bonds in four years on Oct 20, pricing US$1.5 billion of 10-year debt to yield 95 basis points more than similar-maturity Treasuries. It then sold 30-year notes in the US currency this month as part of a plan to establish a longer-term yield benchmark.