HDB concerns preset-level bonds underneath its Multicurrency Medium Expression Be aware programme to finance improvement projects and dealing funds demands. These bonds, that happen to be usually rated AAA by agencies like Fitch, are thought of particularly minimal danger. Recent issuances include things like a S£875 million, 5-calendar year Mounted Charge Green Observe using a coupon of 1.837% for each annum issued in July 2025, as well as a S£900 million fastened-price Take note owing in 2031 having a three.46% once-a-year fascination price. The minimum amount financial commitment for these bonds is usually high, with denominations of S£250,000, producing them primarily available to institutional and accredited investors. HDB's bonds are distinctive from Singapore Federal government Securities (SGS) and Singapore Savings Bonds (SSBs). The coupon amount is set with the more info bond's lifespan and paid out semi-annually.