The housing board has issued four-year Fixed Rate Notes valued at S$1.5 billion under its S$22 billion Multicurrency Medium Term Note (MTN) Programme.
The Notes will mature on 13 November 2017 and have a coupon of 1.875 percent per annum payable semi-annually in arrears.
They are in denominations of S$250,000 and were offered by way of placement to investors who fall within Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore.