Singapore’s Housing and Development Board hired banks to help it sell $400 million of fixed-rate notes, according to an information memorandum obtained by Bloomberg News.
The 2.815% 10-year notes will be sold as part of the public housing authority’s $12 billion multi-currency medium- term notes program, according to the sale document.
The 2.815% 10-year notes will be sold as part of the public housing authority’s $12 billion multi-currency medium- term notes program, according to the sale document.
Australia and New Zealand Banking Group, Citigroup Inc., CIMB Group Holdings, Oversea-Chinese Banking Corp., Standard Chartered Plc, HSBC Holdings Plc and United Overseas Bank were hired to arrange the sale, it said.
The Housing and Development Board last sold debt in June issuing $350 million of 1.685% bonds due June 2016, according to data compiled by Bloomberg. Those notes are yielding 1.614% compared with 1.804% at the beginning of the month, OCBC prices show. The company has $6.5 billion of bonds maturing before the end of 2023, Bloomberg data show.
Proceeds from the $400 million sale will be used to finance public housing and repay debt, according to the sale document.
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