HDB issues $1b fixed rate notes

HDB issues $1b fixed rate notes

SINGAPORE - The Housing and Development Board (HDB) has issued $1 billion, 3-year Fixed Rate Notes under its $22 billion Multicurrency Medium Term Note (MTN) Programme.

The Notes have a coupon of 0.943% per annum payable semi-annually in arrear.

The Notes issued today will mature on 21 March 2016.

The Notes are in denominations of S$250,000 and were offered by way of placement to investors who fall within Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore.

Approval in principle for the listing of the Notes on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained.

Admission of the Notes to the Official List of the SGX-ST is not to be taken as an indication of the merits of HDB, its subsidiaries or the Notes.

The Notes are cleared through The Central Depository (Pte) Limited.

The Joint Lead Managers are BNP Paribas, Singapore Branch, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, The Hong Kong and Shanghai Banking Corporation Limited, Standard Chartered Bank and United Overseas Bank Limited.

Under HDB's MTN programme, HDB may from time to time, issue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings.

Purchase this article for republication.

BRANDED CONTENT

SPONSORED CONTENT

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.