Singapore’s Housing and Development Board plans to sell $12 billion of multi-currency medium-term notes through a program, according to an information memorandum obtained by Bloomberg News.
The first issuance will comprise $400 million notes due July 2021 paying a fixed rate of 2.815% annually, the notice said. Proceeds will be used to finance public housing development and refinance existing borrowings, it said.
The first issuance will comprise $400 million notes due July 2021 paying a fixed rate of 2.815% annually, the notice said. Proceeds will be used to finance public housing development and refinance existing borrowings, it said.
The joint lead managers are Australia and New Zealand Banking Group, Citigroup Inc., CIMB Group Holdings, Oversea-Chinese Banking Corp., Standard Chartered Bank, HSBC Holdings Plc and United Overseas Bank, it said.
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