HDB Issues $600mil Fixed Rate Notes
HDB on 3Dec 20 issued $6 hundred million, fifteen year set amount investment notes being part of its $32 billion Multicurrency Medium Term Note Plan.
Ranked by triple A Fitch Evaluations, the investment notes come in $250K values, with a token of one point three percent every annum payable biyearly in arrear. They are fixed to due on 3 Dec ’35.
HDB pointed out the notes “become supplied using positioning to traders in agreement with Sections 274 and also 275 of the Securities and Futures Act and (where appropriate) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2K18”.
Even though IPA for the notes’ posting on the SGX-ST was acquired, their access to the recognized list should “not at all be look on being an evidence of the qualities of Housing and Development Board, its subsidiaries or the investment notes”.
The notes are cleared by means of CDP, with OCBC as lead manager together with underwriter.
Following the MTN programme, Housing and Development Board may allot bonds (or notes) periodically “to finance its progression programmes and also functioning capital needs in addition to re-finance the present loanings”.
Establish on 1February ’60 being a lawful board, HDB provides roof for roughly eighty percent of S’pore’s resident community. More than 9 in ten HDB residents own the flats they are occupying.