Sg Bond Rates: HDB 2% 7 Year Fixed Rate Note
We update you on some details of HDB 2% 7 Year Fixed Rate Note.
HDB 2% 7 Year Fixed Rate Note Date issued : 26 Oct 2010
The Housing and Development Board ("HDB") has launched a new issue of Notes under its S$7 billion Medium Term Note ("MTN") Programme.
The issuance comprises a S$465 million, 7-year Fixed Rate Note issue with a coupon of 2.00% per annum payable semi-annually in arrear.
The HDB 2% 7 Year Fixed Rate Note to be issued will be in denominations of S$250,000 and will be 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.
Application is being made for the listing of the HDB 2% 7 Year Fixed Rate Note on the Singapore Exchange Securities Trading Limited (SGX-ST).
Admission of the HDB 2% 7 Year Fixed Rate Note 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.
The HDB 2% 7 Year Fixed Rate Notes will be cleared through The Central Depository (Pte) Limited. The joint lead managers are DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Singapore Branch and United Overseas Bank Limited.
Under HDB's MTN programme, HDB may from time to time, issue bonds (or notes) to finance its development programme and working capital requirements.
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