HDB troubles fixed-price bonds under its Multicurrency Medium Term Take note programme to finance enhancement jobs and dealing money needs. These bonds, that happen to be typically rated AAA by agencies like Fitch, are considered exceptionally small possibility. Modern issuances contain a S$875 million, five-12 months Set Rate Environmentally friendly Observe using a coupon of 1.837% for every annum issued in July 2025, plus a S$900 million preset-amount Be aware due in 2031 that has a 3.46% once-a-year curiosity rate. The least financial commitment for these bonds is usually higher, with denominations of S£250,000, click here generating them mainly obtainable to institutional and accredited buyers. HDB's bonds are unique from Singapore Government Securities (SGS) and Singapore Discounts Bonds (SSBs). The coupon charge is fixed for that bond's lifespan and paid semi-on a yearly basis.