The Housing and Development Board (HDB) has launched a new issuance of notes under its S$7 billion Medium Term Note (MTN) programme. The issuance comprises a S$350-million, 5-year Fixed Rate Note issue with a coupon of 1.685 per cent per year.
The notes to be issued will be in denominations of S$250 thousand and will be offered by way of placement to investors.
The joint lead managers are ANZ bank, DBS, HSBC, OCBC, Standard Chartered and UOB.
Under the MTN programme, the HDB may from time to time issue bonds or notes to finance its development schemes and working capital requirements.
Source : Today – 4 Jun 2011
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