The Housing and Development Board (HDB) on Thursday issued five-year Fixed Rate Notes valued at S$1.45 billion under its S$22 billion Multicurrency Medium Term Note (MTN) Programme.
HDB said that the Notes will mature on 19 September 2018 and have a coupon of 2.365 percent per annum payable semi-annually in arrears.
The Notes are in denominations of S$250,000 and were offered by way of placement to investors who fall within Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore.
Approval in principle for the listing of the Notes on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained.
“Admission of the Notes to the Official List of the SGX-ST is not to be taken as an indication of the merits of HDB, its subsidiaries or the Notes. The Notes are cleared through The Central Depository (Pte) Limited,” HDB said.
The joint lead managers for the Notes are Australia and New Zealand Banking Group Limited, BNP Paribas, CIMB Bank Berhad, DBS Bank Ltd., Deutsche Bank AG, DMG & Partners Securities Pte Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank and United Overseas Bank Limited.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email email@example.com