Singapore Back to Real Estate News Homepage to RSS for this country

SG Property News

SG HDB issues fixed rate notes

Property Here - Thursday, November 14, 2013

Share to:

The housing board has issued four-year Fixed Rate Notes valued at S$1.5 billion under its S$22 billion Multicurrency Medium Term Note (MTN) Programme.

The Notes will mature on 13 November 2017 and have a coupon of 1.875 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, DBS Bank, Deutsche Bank AG, DMG & Partners Securities, The Hong Kong and Shanghai Banking Corporation, Oversea-Chinese Banking Corporation, Standard Chartered Bank and United Overseas Bank.