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View Full Version : Who pay HDB to build?


Arcachon
29-04-12, 15:29
Who pay HDB to build 25K units in 2011 and another 25K units in 2012?

1. CPF.
2. Bank.
3. Gov.
4. TEMASEK
5. GIC.
carbuncle
29-04-12, 15:58
All wrong. Answer = u n me
Arcachon
29-04-12, 16:01
You are right.

The Housing and Development Board ("HDB") has launched two new issuances of Notes under its S$12 billion Multicurrency Medium Term Note ("MTN") Programme.

http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/34509C754E60D57E4825790D0030EB7C?OpenDocument

Under HDB's MTN programme, HDB may from time to time, issue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings.