HDB problems fastened-amount bonds underneath its Multicurrency Medium Phrase Be aware programme to finance improvement projects and dealing funds needs. These bonds, which can be usually rated AAA by organizations like Fitch, are thought of really minimal risk. The latest issuances include things like a S$875 million, 5-12 months Mounted Price Environmentally friendly Notice having a coupon of one.837% for each annum issued in July 2025, along with a S£900 million mounted-amount Observe because of in 2031 using a 3.forty six% yearly desire fee. The minimal investment for these bonds is often large, with denominations of S$250,000, building them mostly obtainable to institutional and more info accredited traders. HDB's bonds are distinct from Singapore Govt Securities (SGS) and Singapore Cost savings Bonds (SSBs). The coupon rate is fastened for your bond's lifespan and compensated semi-each year.