HDB concerns fixed-rate bonds less than its Multicurrency Medium Expression Notice programme to finance advancement tasks and working funds necessities. These bonds, which might be normally rated AAA by companies like Fitch, are regarded as extremely very low chance. Current issuances include a S£875 million, 5-year Preset Fee Eco-friendly Note that has a coupon of 1.837% for every annum issued in July 2025, and also a S$900 million preset-fee Be aware thanks in 2031 by using a 3.forty six% annual desire fee. The minimal investment for these bonds is often large, with denominations of S£250,000, generating them mainly obtainable to institutional and accredited traders. HDB's bonds are distinctive from Singapore Govt Securities (SGS) and Singapore Cost savings Bonds click here (SSBs). The coupon level is mounted for the bond's lifespan and compensated semi-yearly.