{"id":119985,"date":"2021-01-20T02:09:27","date_gmt":"2021-01-19T19:09:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-800mil-fixed-rate-notes\/"},"modified":"2021-02-02T17:52:16","modified_gmt":"2021-02-02T10:52:16","slug":"hdb-issues-800mil-fixed-rate-notes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-800mil-fixed-rate-notes\/","title":{"rendered":"HDB issues $800mil fixed rate notes"},"content":{"rendered":"


\nIn denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19 January 2026.\u00a0
\nThe Housing and Development Board (HDB) on Tuesday issued $800 million, five-year fixed rate notes, with a coupon of 0.635% per annum.
\nPayable semi-annually in arrear, the notes will mature on 19 January 2026. They are in denominations of $250,000 and are rated by Fitch Ratings.
\nThe notes \u201cwere offered 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 said HDB.
\nThey were launched as part of HDB\u2019s $32 billion Multicurrency Medium Term Note (MTN) Programme.
\nRecommended article:\u00a0HDB Loan vs Bank Loan: The Complete Guide to Financing your HDB
\n\u201cUnder HDB\u2019s MTN programme, HDB may from 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
\nApproval in principle for the notes\u2019 listing on the Singapore Exchange has been obtained.
\nThe notes\u2019 admission to the official list should \u201cnot be taken as an indication of the merits of HDB, its subsidiaries or the notes\u201d.
\nCleared through The Central Depository, the notes\u2019 joint lead managers and bookrunners are Industrial and Commercial Bank of China (Singapore), Bank of China (Singapore) and Oversea-Chinese Banking Corporation.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB issues 0mil fixed rate notes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19...<\/p>\n","protected":false},"author":1,"featured_media":119986,"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-119985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Singapore-dollars.jpg?fit=820%2C412&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vdf","jetpack-related-posts":[{"id":110899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-issues-500m-fixed-rate-notes\/","url_meta":{"origin":119985,"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. 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