POST-TRANSACTION PAYMENT ENABLEDBOND COMPLEXITY : LOWISIN: SGXF89624153
HDBSP 2.839% 26Aug2041 Qsov (SGD)
HOUSING & DEVELOPMENT BOARD (HDB)
Indicative Bid Price
98.208
Bid Yield to Maturity
2.988%
Min. Investment (Nominal)
250000
Indicative Ask Price
98.892
Ask Yield to Maturity
2.931%
Maturity Date
25 Aug 2041
Credit Rating (Bond)
N.R
No Rating
Seniority
Senior Unsecured
Investor Profile
Long Term Depositor
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to MaturityAsk Yield to Maturity18. Aug20. Aug22. Aug24. Aug26. Aug28. Aug30. Aug1. Sep3. Sep5. Sep7. Sep9. Sep2.82.852.92.953FSM Global
Bond Information
Housing & Development Board (HDB) constructs, upgrades, redevelops, and sells real estate properties. The Company develops and manages ancillary facilities such as commercial and industrial properties, car parks, markets, hawker centers, residential flats, and old estate.
Bond Issuer
Housing & Development Board (HDB)
Guarantor
-
Announcement Date
17 Aug 2026
Issue Date
25 Aug 2026
Maturity Date / Next Call Date
25 Aug 2041 (Maturity Date)
Years to Maturity / Next Call
14.963 / -
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
2.839
Coupon Type
Fixed
Annual Coupon Rate (%)
2.839
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
SGX
Reference Rate
-
ISIN
SGXF89624153
CUSIP
DO6951218
Bond Currency
SGD
Total Issue Size
SGD 700,000,000
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)
***/W.R
Bond Credit Rating (S&P/ Fitch)
***/N.R
Shariah Compliant
No
W-8BEN Declaration needed 
No
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.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (MATURITY)
10 Sep 202698.20898.8922.931
09 Sep 202698.78499.3762.891
08 Sep 202698.85099.4432.885
07 Sep 202698.69999.3852.890
06 Sep 202698.64699.3322.894
03 Sep 202698.65299.3382.894
02 Sep 202698.56999.2722.899
01 Sep 202698.47199.1742.907
31 Aug 202698.57099.2732.899
30 Aug 202699.688100.0432.835
Total of 19 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Pricing Supplement
$$700,000,000 Fixed Rate Notes Due 2041. Pricing Supplement Dated 25 August 2026
pdfIcon
Offering Circular
S$42,000,000,000 Multicurrency Medium Term Note Programme (the “Programme”) dated 24 October 2025.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
HDBSP 1.838% 07Oct2030 Qsov (SGD)

Housing & Development Board (HDB)

 06 Oct 2030 98.358 2.263% p.a. ***/W.R
TRANSACT
HDBSP 2.699% 09Oct2034 Qsov (SGD)

Housing & Development Board (HDB)

 08 Oct 2034 100.705 2.601% p.a. ***/W.R
TRANSACT
HDBSP 3.409% 30Apr2027 Qsov (SGD)

Housing & Development Board (HDB)

 29 Apr 2027 100.974 1.832% p.a. ***/W.R
TRANSACT
HDBSP 2.884% 25Feb2032 Qsov (SGD)

Housing & Development Board (HDB)

 24 Feb 2032 102.488 2.394% p.a. ***/W.R
TRANSACT
HDBSP 2.018% 13May2031 Qsov (SGD)

Housing & Development Board (HDB)

 12 May 2031 98.526 2.354% p.a. ***/N.R
TRANSACT
HDBSP 3.104% 24Nov2028 Qsov (SGD)

Housing & Development Board (HDB)

 23 Nov 2028 102.314 2.018% p.a. ***/W.R
TRANSACT
HDBSP 3.948% 29Jan2029 Qsov (SGD)

Housing & Development Board (HDB)

 28 Jan 2029 104.425 2.025% p.a. ***/N.R
TRANSACT
HDBSP 3.220% 01Dec2026 Qsov (SGD)

Housing & Development Board (HDB)

 30 Nov 2026 100.374 1.424% p.a. ***/N.R
TRANSACT
HDBSP 2.545% 04Jul2031 Qsov (SGD)

Housing & Development Board (HDB)

 03 Jul 2031 100.948 2.335% p.a. ***/W.R
TRANSACT
HDBSP 2.035% 16Sep2026 Qsov (SGD)

Housing & Development Board (HDB)

 15 Sep 2026 100.056 -18.377% p.a. ***/W.R
TRANSACT
Total of 40 entries
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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.

Potential Income Explained
EDIT
Est. Payable Amount
SGD 248,723.78
Years to Maturity
14 years 11+ months
Est. Total Income
SGD 106,462.50
Yield to Maturity
2.681%
Indicative Cash Flow
Nominal Value
SGD 250,000.00
  • 2041
    Aug
    Coupon
    SGD 3,548.75
    Maturity
    SGD 250,000.00
  • Feb
    Coupon
    SGD 3,548.75
  • 2040
    Aug
    Coupon
    SGD 3,548.75
  • Feb
    Coupon
    SGD 3,548.75
  • 2039
    Aug
    Coupon
    SGD 3,548.75
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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