HDB Issues $900mil Fixed Rate Notes

The Housing and Development Board on 16Mar published $900 mil, seven-year predetermined rate notes as involved in its $Thirty Two bil MTN Plan.

Tagged 3As by Fitch Standings, the notes come in values of $250 Thousand, with a voucher of 1.37% every annum due semi-annually in owing. They are generally readied to mature on 16 March ’28.

One Bernam condo

The notes were offered using placement “to financiers according to Sections 274 together with Two hundred Seventy Five of the SFA and (where related) Rule 3 of the SF (CI ) Regulations 2018”, pointed out HDB.

Although confirmation in basic principle for the notes’ listing on the SGX has likely been obtained, it should “not likely be taken in as an sign of the values of HDB, its ancillary or the notes”.

The notes are cleared by The Central Depository, having Development Bank of Singapore Limited and United Overseas Bank as joined primary administrators and Bookrunners.

Beneath the MTN programme, Housing and Development Board may possibly once in a while, disperse bonds (or notes) to finance its expansion programmes as well as working finances necessities and also to re-finance standing financial debts.

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