HDB launches $900m fixed rate notes

The notes have an annual interest of 3.46%.

The Housing and Development Board (HDB) announced the issuance of $900m fixed rate notes which will be due in 2031.

In a bourse filing, HDB said the seven-year bond will have an annual interest rate of 3.46%.

The notes will be quoted and traded in Singapore dollar, HDB noted. Furthermore, these will be issued in denominations of $250,000 and in integral multiples of $250,000, it said.

This issuance will be traded in a minimum board lot size of $250,000, it added.

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HDB said the issue date of the notes is 21 May. These will be listed and quoted in the bonds market on 23 May, 9 AM.

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Housing and Development Board

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