HDB issues preset-level bonds less than its Multicurrency Medium Expression Notice programme to finance advancement tasks and working cash necessities. These bonds, which might be normally rated AAA by companies like Fitch, are deemed very small possibility. Modern issuances contain a S$875 million, five-yr Set Level Inexperienced Be aware with a coupon of one.837% for each annum issued in July 2025, and a S£900 million mounted-rate Take note because of in 2031 having a three.46% annual fascination price. The minimum financial commitment for these bonds is usually higher, with denominations of S£250,000, generating them mainly obtainable to institutional and here accredited traders. HDB's bonds are distinctive 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.