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HDB sells 7-year bonds

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The Housing and Development Board on Friday sold S$1 billion seven-year bonds at 2.50 per cent amid volatile markets.

Singapore

The Housing and Development Board on Friday sold S$1 billion seven-year bonds at 2.50 per cent amid volatile markets.

Demand for the bonds was lower than expected as HDB has an option to upsize by S$600 million.

"The market was very choppy in the past few days,

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