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SG HDB issues $500m notes

Property Here - Thursday, May 30, 2013

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By Nikki De Guzman:

The HDB has issued five-year Fixed Rate Notes valued at S$500 million under its S$22 billion Multicurrency Medium Term Note (MTN) Programme.

The Notes will mature on 29 May 2018 and have a coupon of 1.368 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 under 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 ANZ Group and OCBC.



Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg