NEW ISSUE – HOUSING DEVELOPMENT BOARD 12Y SGD 3.22% ISSUE: Housing and Development Board RATING: Unrated SERIES: 062 FORMAT: Reg S Bearer / Off the Issuer’s SGD32 billion Multicurrency Medium Term Note Programme STATUS: Fixed Rate, Senior Unsecured ISSUE SIZE: SGD500 million (with SGD100M option to upsize) TENOR: 12 Years SETTLEMENT DATE: 1 December 2014 MATURITY DATE: 1 December 2026 COUPON DATES: 1 June and 1 December (First Pay: 1 June 2015) ISSUE PRICE: 100.00 COUPON: 3.22% s/a, ACT/ACT, Following Business Day Conv ISSUE SPREAD: SGD SOR (@ 2.56%) + 66bps DETAILS: SGD250K x SGD250K / SGX-ST / Singapore Law SELLING RESTRICTIONS: Sections 274/275 of the Singapore SFA CLEARING: CDP HDB makes it a point to issue 6 times a year, I noticed. List of issues in past 2 years. There is a certain frequency huh? Once every 2 months. I liked the 7 year one ......