HDB sells $1.2 billion five-year bond
28 Oct 2015, 07:57 pm
HDB
SINGAPORE (Oct 28): The Housing and Development Board sold a $1.2 billion five-year bond on Tuesday, upsized 50% from an initial $800 million because of strong demand.
This was HDB's first issue after getting the 'AAA' rating by credit rating agency Moody's, its highest rating, two weeks ago.
HDB joins the ranks of other AAA-rated issuers such as Temasek and supranationals like the Asian Development Board in accessing the Sing-dollar bond market.
DBS Bank, OCBC Bank and RHB Securities handled the bond sale.
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