HDB concerns fixed-rate bonds under its Multicurrency Medium Time period Observe programme to finance progress initiatives and working capital requirements. These bonds, that are generally rated AAA by organizations like Fitch, are viewed as really minimal risk. The latest issuances include things like a S£875 million, 5-year Fastened Charge Green Take note that has a coupon of 1.837% for every annum issued in July 2025, and also a S$900 million fixed-amount Notice due in 2031 that has a 3.46% yearly curiosity level. The least more info expenditure for these bonds is typically superior, with denominations of S£250,000, creating them generally available to institutional and accredited investors. HDB's bonds are distinctive from Singapore Government Securities (SGS) and Singapore Personal savings Bonds (SSBs). The coupon charge is fixed with the bond's lifespan and paid out semi-yearly.