HDB Issues $600mil Fixed Rate Notes
HDB on 3December 2020 provided $600 mil, fifteen year predetermined rate investment notes as part of its $Thirty two billion MTN Programme.
Graded by AAA Fitch Standings, the investment notes are available in $Two hundred and fifty thousand denominations, with a voucher of 1.3 percent every annum payable half yearly in liability. The notes are readied to due on 3 Dec ’35.
Housing and Development Board expressed the investment notes “get provided utilizing placement to financiers conforming to Sections 274 as well as two hundred and seventy five of the SFA and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018”.
in principle approval for the notes’ listing on the SGX-ST was received, their acceptance to the main list shall “not be look on as an indicator of the worthiness of Housing and Development Board, its secondary or the investment notes”.
The investment notes are cleared by using CDP, with OCBC as head management along with bookrunner.
Following the Multicurrency Medium Term Note program, Housing and Development Board may give out investment bonds (or notes) every once in a while “to support its progression programmes as well as operating resources demands in addition to re-finance the current loanings”.
Establish on 1Feb’60 as a lawful bodies, HDB houses across eighty percent of Singapore’s resident community. Over nine in ten HDB occupants acquire the flats they are staying in.