HDB troubles set-price bonds below its Multicurrency Medium Term Take note programme to finance growth assignments and working capital requirements. These bonds, which are frequently rated AAA by businesses like Fitch, are regarded incredibly reduced risk. The latest issuances include things like a S$875 million, 5-calendar year Mounted Charge Green Observe by using a coupon of 1.837% for every annum issued in July 2025, plus a S$900 million preset-fee Be aware thanks in 2031 that has a 3.forty six% yearly interest amount. The bare minimum investment decision for these bonds is often significant, with denominations of S$250,000, earning them largely accessible to institutional and accredited buyers. HDB's bonds are unique from Singapore Government check here Securities (SGS) and Singapore Discounts Bonds (SSBs). The coupon charge is fixed for that bond's lifespan and paid semi-on a yearly basis.