HDB issues fastened-amount bonds underneath its Multicurrency Medium Phrase Be aware programme to finance improvement projects and dealing funds demands. These bonds, that happen to be normally rated AAA by companies like Fitch, are regarded as exceptionally small chance. Latest issuances consist of a S$875 million, five-yr Fixed Level Inexperienced Be aware website with a coupon of one.837% for each annum issued in July 2025, and a S£900 million mounted-rate Take note owing in 2031 having a three.46% annual fascination charge. The minimum financial investment for these bonds is usually higher, with denominations of S£250,000, generating them mainly obtainable to institutional and accredited traders. HDB's bonds are distinct from Singapore Govt Securities (SGS) and Singapore Personal savings Bonds (SSBs). The coupon price is fastened for your bond's lifespan and compensated semi-every year.