HDB Issues $600mil Fixed Rate Notes

Housing and Development Board on 3December 2020 issued $600 million, 15-year fixed rate notes being involved in its $Thirty two bil MTN Programme.

Ranked by triple A Fitch Scores, the investment notes come in $250,000 values, by having a coupon of one point three percent every annum receivable half yearly in liability. The notes are scheduled to due on 3 Dec ’35.

The M price

HDB stated the investment notes “get presented by way of placement to traders in consonance with Sections 274 as well as two hundred and seventy five of the SFA and (where relevant) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018”.

IPA for the notes’ index on the Singapore Exchange Securities Trading Limited gets received, their entree to the certified index must “in no way be regarded as a sign of the advantages of Housing and Development Board, its supplementary or the notes”.

The investment notes are clarified through CDP, with Oversea-Chinese Banking Corporation as head supervisor and bookrunner.

Regarding the Multicurrency Medium Term Note programme, HDB might possibly release investment bonds (or investment notes) every once in a while “to fund its progression programs and also operating resources requirements in addition to refinance the present debts”.

Set up on 1Feb’60 being a lawful board, HDB resides close to eighty percent of S’pore’s citizen community. Beyond 9 in ten Housing and Development Board residents possess the apartments they are occupying.

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