HDB Issues $600mil Fixed Rate Notes
The Housing and Development Board on 3 Dec issued $600 million, 15-year fixed price notes being part of its $Thirty two billion MTN Plan.
Assessed by triple A Fitch Evaluations, the investment notes are available in $250K denominations, with a token of 1.3% per year payable every 6 months in arrear. They are readied to mature on 3 Dec ’35.
Housing and Development Board revealed the notes “become presented operating positioning to investors in consonance with Sections 274 and 275 of the Securities and Futures Act and (wherever applied) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2K18”.
IPA for the notes’ index on the Singapore Exchange Securities Trading Limited was obtained, their access to the recognized index must “in no way be regarded being an evidence of the advantages of Housing and Development Board, its supplementary or the notes”.
The notes are clarified using The Central Depository, with OCBC as chief management together with underwriter.
Regarding the MTN program, HDB might possibly release bonds (or investment notes) once in a while “to support its growth programs as well as working resources demands as well as to roll over the existing debts”.
Develop on 1Feb 1960 being a lawful bodies, Housing and Development Board resides close to 80percent of S’pore’s citizen community. Beyond nine in ten Housing and Development Board residents possess the flats they are staying in.