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SG HDB issues $1b, 3-yr fixed rate notes

Property Here - Friday, March 22, 2013

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By Romesh Navaratnarajah:

The HDB has issued three-year Fixed Rate Notes valued at S$1 billion under its S$22 billion Multicurrency Medium Term Note (MTN) Programme. 

The Notes will mature on 21 March 2016 and have a coupon of 0.943 percent per annum payable semi-annually in arrears.

They 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,” said HDB.

The joint lead managers for the Notes are BNP Paribas, Deutsche Bank AG, The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank and United Overseas Bank Limited.


Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email