{"id":107395,"date":"2019-05-23T10:29:30","date_gmt":"2019-05-23T03:29:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-700m-fixed-rate-notes\/"},"modified":"2019-05-23T11:05:14","modified_gmt":"2019-05-23T04:05:14","slug":"hdb-issues-700m-fixed-rate-notes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-700m-fixed-rate-notes\/","title":{"rendered":"HDB issues $700m fixed rate notes"},"content":{"rendered":"


\nThe notes are in denominations of $250,000 and have a coupon of 2.164 percent per annum payable semi-annually in arrears.
\nThe Housing Board on Wednesday (22 May) issued $700 million, five-year fixed rate notes as part of its $32 billion Multicurrency Medium Term Note (MTN) Programme.
\nTo mature on 22 May 2024, the notes are in denominations of $250,000 and have a coupon of 2.164 percent per annum payable semi-annually in arrears.
\nHDB revealed that the notes were offered \u201cby way of placement to investors who fall within Sections 274 and 275 of the Securities and Futures Act and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018\u201d.
\nAlthough approval in principle for the listing of the notes on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained, the notes\u2019 admission on the SGX-ST should not be taken as an indication of HDB\u2019s merits, its subsidiaries or the notes.
\nThe notes \u2013 rated Aaa by Moody\u2019s Investors Service \u2013 were cleared through The Central Depository, with DBS Bank, Maybank Kim Eng Securities, Standard Chartered Bank (Singapore) and United Overseas Bank as joint lead managers.
\nUnder the MTN programme, HDB may from time to time, \u201cissue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings\u201d.
\nCheck out PropertyGuru\u2019s\u00a0properties for rent!\u00a0Alternately, refer to our other\u00a0handy rental guides,\u00a0or read more about\u00a0the hottest areas to live in with PropertyGuru\u2019s AreaInsider.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB issues 0m fixed rate notes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The notes are in denominations of $250,000 and have a coupon of 2.164 percent per...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107395","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rWb","jetpack-related-posts":[{"id":110899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-500m-fixed-rate-notes\/","url_meta":{"origin":107395,"position":0},"title":"HDB issues $500m fixed rate notes","date":"September 19, 2019","format":false,"excerpt":"\r Rated Aaa by Moody\u2019s Investors Service, the notes are in denominations of $250,000 and come with a coupon of 2.3 percent per annum payable semi-annually in arrear. The Housing and Development Board (HDB) on Wednesday (18 September) issued $500 million, 15-year fixed rate notes as part of its $32\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-800mil-fixed-rate-notes\/","url_meta":{"origin":107395,"position":1},"title":"HDB issues $800mil fixed rate notes","date":"January 20, 2021","format":false,"excerpt":"\r In denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19 January 2026.\u00a0 The Housing and Development Board (HDB) on Tuesday issued $800 million, five-year fixed rate notes, with a coupon of 0.635% per annum. 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