25 May '17, 10am

HDB Issues Rated Fixed Rate Notes:

The Housing & Development Board ("HDB") has issued S$500 million, 10-year Fixed Rate Notes (the “Notes”) under its S$32 billion Multicurrency Medium Term Note ("MTN") Programme. 2 The Notes have a coupon of 2.35% per annum payable semi-annually in arrear. The Notes were issued on 25 May 2017 and will mature on 25 May 2027. The Notes are rated Aaa by Moody’s Investors Service. 3 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 throug...

Full article: http://www.hdb.gov.sg/cs/infoweb/press-releases/25052017_...

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