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SG HDB launches $520m of fixed rate notes

Property Here - Monday, July 29, 2013

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The HDB has issued three-year Fixed Rate Notes valued at S$520 million under its S$22 billion Multicurrency Medium Term Note (MTN) Programme.

The Notes will mature on 26 July 2016 and have a coupon of 1.165 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 lead manager for the Notes is DBS Bank.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@allproperty.com.sg