HDB challenges mounted-fee bonds below its Multicurrency Medium Term Take note programme to finance enhancement jobs and dealing capital specifications. These bonds, that are generally rated AAA by organizations like Fitch, are regarded incredibly reduced hazard. New issuances incorporate a S$875 million, five-12 months Set Level Inexperienced Be aware with a coupon of one.837% per annum get more info issued in July 2025, and a S£900 million set-level Observe because of in 2031 which has a three.46% once-a-year curiosity rate. The least expenditure for these bonds is typically superior, with denominations of S£250,000, creating them generally available to institutional and accredited investors. HDB's bonds are unique from Singapore Government Securities (SGS) and Singapore Price savings Bonds (SSBs). The coupon charge is fixed for that bond's lifespan and paid semi-per year.