HDB FLATS' VALUE OF HOUSEHOLDS' HOLDINGS DROPS 0.7%

The housing board has issued five-year Fixed Rate Notes valued at $675 million under its Multicurrency Medium Term Note (MTN) programme.

The housing board has issued five-year Fixed Rate Notes valued at $675 million under its Multicurrency Medium Term Note (MTN) programme.

The Notes have a coupon of 2.223 percent per annum payable semi-annually in arrears. Issued on 28 May 2014, the Notes will mature on 28 May 2019.

The Notes 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. 

The joint lead managers are DBS Bank, DMG & Partners Securities, The Hongkong and Shanghai Banking Corporation, OCBC and UOB.

Under HDB's MTN programme, HDB may from time to time, issue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings.

Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg

Source: PropertyGuru.com.sg

Date Post: 29/5/2014
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