{"id":110899,"date":"2019-09-19T12:05:08","date_gmt":"2019-09-19T05:05:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-500m-fixed-rate-notes\/"},"modified":"2019-09-19T12:06:19","modified_gmt":"2019-09-19T05:06:19","slug":"hdb-issues-500m-fixed-rate-notes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-500m-fixed-rate-notes\/","title":{"rendered":"HDB issues $500m fixed rate notes"},"content":{"rendered":"


\nRated 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.
\nThe Housing and Development Board (HDB) on Wednesday (18 September) issued $500 million, 15-year fixed rate notes as part of its $32 billion Multicurrency Medium Term Note (MTN) Programme.
\nRated 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.
\nHDB explained that the notes, which are set to mature on 18 September 2034, are \u201coffered by way of placement to investors pursuant to 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.
\nWhile approval in principle for the notes\u2019 listing on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained, their admission to the official list should not be taken as an indication of the merits of HDB, its subsidiaries or the notes, it said.
\nHDB added that the notes were cleared via The Central Depository, with Oversea-Chinese Banking Corporation as lead manager and bookrunner.
\nUnder the MTN programme, HDB may \u201cfrom time to time, issue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings\u201d.
\nSet up on 1 February 1960 as a statutory board, HDB houses more than 80 percent of Singapore\u2019s resident population. Over nine in 10 HDB dwellers own the flats they are living in.
\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":"

Rated Aaa by Moody\u2019s Investors Service, the notes are in denominations of $250,000 and come...<\/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-110899","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-sQH","jetpack-related-posts":[{"id":119985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-800mil-fixed-rate-notes\/","url_meta":{"origin":110899,"position":0},"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. Payable semi-annually in arrear, the notes will mature on 19\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Singapore-dollars.jpg?fit=820%2C412&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":107395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-700m-fixed-rate-notes\/","url_meta":{"origin":110899,"position":1},"title":"HDB issues $700m fixed rate notes","date":"May 23, 2019","format":false,"excerpt":"\r The notes are in denominations of $250,000 and have a coupon of 2.164 percent per annum payable semi-annually in arrears. The 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. 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