You can read more from the announcement here.

Basic Details (Serious investors please read product prospectus before buying)

Duration: 7 years
Interest: 3.08% (semi-annual)
Offer period: 11 to 18 Feb (Retail investors can apply via ATM or iBanking)
Min Sum : $2,000 ($1 per share, $1,000 per lot)


Currently what are other retail blue chip bonds trading at?

Genting perp 5.125% bonds trades around $1.04
CapMallAsia 10 year 3.8% bonds trades around $1.03
SIA 5 year 2.15% bonds trades around $1.02

As you can notice all these bonds are trading above their $1.00 PAR value, the reason is because
1) There is limited supply of retail bonds listed on SGX
2) Low interest from bank deposits, currently its only 1%++
3) Worries of a stock market crash

Currently I'm having some spare cash and I think its gonna trade above par value. ......