HDB plans S$400m notes sale
10:24 PM Jul 19, 2011
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SINGAPORE - The Housing and Development Board (HDB) has hired banks to help it sell S$400 million of fixed-rate notes, according to a memorandum obtained by Bloomberg News.
The 2.815 per cent 10-year notes will be sold as part of the public housing authority's S$12 billion multi-currency medium- term notes programme, according to the sale document. Proceeds will be used to finance public housing development and repay debt.
ANZ, Citigroup, CIMB, Oversea-Chinese Banking Corp, Standard Chartered, HSBC Holdings and United Overseas Bank have been hired to arrange the sale, it said.
The HDB last sold debt in June issuing S$350 million of 1.685 per cent bonds due June 2016, according to Bloomberg data. Those notes are yielding 1.614 per cent compared with 1.804 per cent at the beginning of the month, OCBC prices show. HDB has S$6.5 billion of bonds maturing before the end of 2023, Bloomberg data show. - BLOOMBERG
10:24 PM Jul 19, 2011
<SCRIPT type=text/javascript> var fontIndex = 2; var fontSize = new Array('0.63em', '0.69em', '0.75em', '0.88em', '1em', '1.13em'); </SCRIPT>
SINGAPORE - The Housing and Development Board (HDB) has hired banks to help it sell S$400 million of fixed-rate notes, according to a memorandum obtained by Bloomberg News.
The 2.815 per cent 10-year notes will be sold as part of the public housing authority's S$12 billion multi-currency medium- term notes programme, according to the sale document. Proceeds will be used to finance public housing development and repay debt.
ANZ, Citigroup, CIMB, Oversea-Chinese Banking Corp, Standard Chartered, HSBC Holdings and United Overseas Bank have been hired to arrange the sale, it said.
The HDB last sold debt in June issuing S$350 million of 1.685 per cent bonds due June 2016, according to Bloomberg data. Those notes are yielding 1.614 per cent compared with 1.804 per cent at the beginning of the month, OCBC prices show. HDB has S$6.5 billion of bonds maturing before the end of 2023, Bloomberg data show. - BLOOMBERG
