In this undated photo, a Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. (PHOTO / IC)

SINGAPORE - Singapore's state investment firm Temasek will issue 750 million Chinese yuan ($104 million) of 3.2 percent guaranteed offshore bond due 2029, the firm said.

The bond is expected to be issued on Feb 6 and listed on the Singapore Exchange on Feb 7.

The bond is unconditionally and irrevocably guaranteed by Temasek, and will be rated Aaa by Moody's, according to a statement.

READ MORE: Corporate, enterprise bond market of BSE starts trading

The issue allows Temasek to expand its investor base and access a new liquidity pool at competitive pricing, a Temasek spokesperson told local media Tuesday.