HDB difficulties set-fee bonds beneath its Multicurrency Medium Phrase Note programme to finance development projects and dealing funds demands. These bonds, that happen to be typically rated AAA by agencies like Fitch, are considered exceptionally very low chance. Latest issuances consist of a S£875 million, five-yr Fixed Level Inexperienced Be aware with a coupon of one.837% for each annum issued in July 2025, and a S£900 million mounted-rate Take note owing in 2031 having a three.forty six% annual desire fee. The minimal expense for these bonds is often significant, with denominations of S$250,000, making them principally available to institutional and accredited click here buyers. HDB's bonds are unique from Singapore Authorities Securities (SGS) and Singapore Price savings Bonds (SSBs). The coupon amount is set with the bond's lifespan and paid out semi-yearly.