HDB issues fastened-fee bonds beneath its Multicurrency Medium Phrase Be aware programme to finance improvement projects and dealing funds demands. These bonds, that happen to be typically rated AAA by agencies like Fitch, are considered exceptionally very low chance. Current issuances include a S£875 million, five-yr Preset Amount Eco-friendly Note which has a coupon of one.837% per annum issued in July 2025, in addition to a S£900 million set-level Observe because of in 2031 with more info a three.46% once-a-year curiosity rate. The minimum amount financial commitment for these bonds is usually high, with denominations of S£250,000, producing them primarily obtainable to institutional and accredited investors. HDB's bonds are distinctive from Singapore Federal government Securities (SGS) and Singapore Financial savings Bonds (SSBs). The coupon level is mounted for the bond's lifespan and paid out semi-yearly.