[SINGAPORE] Banks are bidding for the largest issue yet from Housing & Development Board, totalling up to S$1.6 billion, IFR reported on Friday (Jan 15).

The Singapore statutory board has asked banks for proposals to sell a seven-year bond for a target size of S$1 billion and a S$600 million greenshoe, said IFR, a Thomson Reuters publication. If it does achieves the maximum deal size, it will beat its largest single issue, when it sold a S$1.5 billion 1.875 per cent four-year issue in November 2013, IFR said.

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