HDB launches new notes under MTN programme

The Housing and Development Board (HDB) has launched a new set of notes under its S$7 billion Medium Term Note Programme.

The issuance comprises a S$350 million, five-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$250,000 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, HDB may from time to time, issue bonds or notes to finance its development programme and working capital requirements.

Source : Channel NewsAsia – 3 Jun 2011

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