HDB issues 10-year fixed rate notes for $515m

The notes have a coupon of 2.32% per annum payable semi-annually.

The Housing & Development Board (HDB) issued $515m 10-year fixed rate notes under its $32b multicurrency medium term note (MTN) programme.

According to a press release, the notes have a coupon of 2.32% per annum payable semi-annually in arrear. They were issued on 24 January 2018 and will mature on 24 January 2028.

The notes are in denominations of $250,000 and were offered by way of placement to investors.

Under HDB's MTN programme, HDB may from time to time, issue bonds to finance its development programmes and working capital requirements as well as to refinance the existing borrowings.

Also Read

DBS, OCBC to see net profits dip, loan growth soften in Q1

MAS allocates $35M for sustainable finance upskilling

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Top bids for Canberra Crescent, De Souza Avenue sites could go as high as $430M:analysts

Canberra Crescent may see the top bid reaching $350m.

Residential Property

5 hours ago

DBS, OCBC to see net profits dip, loan growth soften in Q1

“Softer NIM but resilient asset quality.” Two of the largest banks in Singapore are expected to report a year-on-year (yoy) drop in net profits for the first quarter, although their asset quality will remain resilient according to UOB Kay Hian.

Financial Services

5 hours ago

Daily Markets Briefing: STI up 0.63%; Top stock is DBS