NEW ISSUE ANNOUNCEDBOND COMPLEXITY : LOW
HDBSP 2.210% 14Jul2033 Qsov (SGD)
Housing & Development Board (HDB)
Price Guidance
2.210% (Final)
Tenure
7 Years
Min. Investment (Nominal)
SGD 250,000
Credit Rating (Bond)
N.R
No Rating
Investor Profile
Long Term Depositor
Bond Information
Bond Issuer
Housing & Development Board (HDB)
Guarantor
-
Annual Coupon Frequency
Semi Annually
Issue Date
13 Jul 2026
Maturity Date
13 Jul 2033
Years To Maturity
7.023
Coupon Type
Fixed
Issue Size
SGD800 million (with option to upsize)
Seniority
Senior Unsecured
Exchange Listed
bond.exchange.listed.sgx
Reference Rate
-
Bond Currency
SGD
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
Quasi-Sovereign
Bond Sector
Financials
Bond Sub Sector
Real Estate Management and Development
Issuer Credit Rating (S&P/ Fitch)
*** / N.R
Bond Credit Rating (S&P/ Fitch)
*** / N.R
Shariah Compliant
No
W-8BEN Declaration needed 
No
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Note

For Institutional investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore (the “SFA”)) pursuant to Section 274 of the SFA or an accredited investor (as defined in Section 4A of the SFA) pursuant to and in accordance with the conditions specified in Section 275 of the SFA and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018.

Bond Feature(s)
Noteholders’ option to require the Issuer to purchase the notes upon the Issuer ceasing to be a public authority or body :

Yes, at par, if, as a result of any amendment to the H&D Act or any other statute, HDB ceases to be an authority or body established by written law to discharge functions of a public nature or the Notes cease to be the obligations of HDB and any such event would materially and adversely affect the interests of the Noteholders.
Related Documents
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Offering Circular
S$42,000,000,000 Multicurrency Medium Term Note Programme. Information Memorandum dated 24 October 2025.
FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.
  3. All orders submitted will be an indication of interest (IOI).

Closing Date: 07 Jul 2026 9:30:00 AM
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