News
FINANCIAL SERVICES | Staff Reporter, Singapore
view(s)

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.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.