30 Jul '14, 3am

HDB issues $900m Fixed Rate Notes #PR

HDB has issued $900 million, 10-year Fixed Rate Notes under its Multicurrency Medium Term Note (MTN) Programme. Under this programme, HDB may issue bonds (or notes) to finance its development programmes and working capital requirements, as well as to refinance the existing borrowings. The notes have a coupon of 3.1 percent per annum payable semi-annually in arrear. They were issued on 24 July 2014 and will mature on 24 July 2024. The notes are in denominations of $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. The Joint Lead Managers are CIMB Bank, DBS Bank, HSBC, OCBC and UOB.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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