HDB Issues $600mil Fixed Rate Notes
HDB on 3December 2020 provided $Six hundred mil, fifteen year fixed price investment notes as involved in its $Thirty two bil Multicurrency Medium Term Note Programme.
Evaluated by AAA Fitch Evaluations, the notes can be found in $250K denominations, including a voucher of 1.3% every year receivable half yearly in liability. They are allocated to end on 2035 third day of Dec.
HDB reported the investment notes “become put forward operating arrangement to traders conforming to Sections two hundred and seventy four and 275 of the SFA and (when appropriate) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018”.
Although in principle approval for the notes’ posting on the Singapore Exchange Securities Trading Limited was attained, their access to the authentic list shall “not at all be considered as an indication of the worthiness of HDB, its secondary or the investment notes”.
The notes are cleared up using CDP, with OCBC as lead supervisor together with lead coordinator.
Regarding the Multicurrency Medium Term Note program, HDB might possibly give out investment bonds (or notes) periodically “to capitalize its advancement programs and operating resources demands in addition to roll over the existing credits”.
Set up on 1February ’60 being a statutory bodies, Housing and Development Board provides roof for around 80percent of Singapore’s citizen population. More than 9 in 10 Housing and Development Board dwellers own the flats that they are living in.