HDB difficulties set-charge bonds beneath its Multicurrency Medium Term Note programme to finance development jobs and dealing funds needs. These bonds, that happen to be typically rated AAA by agencies like Fitch, are considered exceptionally very low chance. Latest issuances consist of a S£875 million, five-yr Fixed Level Inexperienced Be aware with a coupon check here of one.837% for each annum issued in July 2025, along with a S£900 million mounted-price Take note owing in 2031 having a three.46% annual desire charge. The minimum investment for these bonds is often large, with denominations of S$250,000, building them mostly accessible to institutional and accredited buyers. HDB's bonds are distinct from Singapore Governing administration Securities (SGS) and Singapore Discounts Bonds (SSBs). The coupon charge is fixed for that bond's lifespan and paid semi-per year.