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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. 

ALSO READ: HDB launches tender for EC site at Jalan Loyang Besar

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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