27 Mar '14, 7am

HDB issues $750m of fixed rate notes #PR

The HDB has issued seven-year Fixed Rate Notes valued at $750 million under its $22 billion Multicurrency Medium Term Note (MTN) Programme. HDB said the Notes will mature on 26 March 2021 and have a coupon of 3.008 percent per annum payable semi-annually in arrears. 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. 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,” said HDB. The joint lead managers for the Notes are Australia and New Zeala...

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

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