Daily Briefing: HDB issues $600m fixed rate notes; More youths, including ITE and poly students, join REACH panel

And government 'carefully calibrated' GLS supply for H1 2021.

From PropertyGuru:

The Housing and Development Board (HDB) on 3 December issued $600b, 15-year fixed rate notes as part of its $32b Multicurrency Medium Term Note programme.

Rated by AAA Fitch Ratings, the notes come in $250,000 denominations, with a coupon of 1.3% per annum payable semi-annually in arrear.

They are set to mature on 3 December 2035.

HDB said the notes “were offered by way of placement to investors pursuant to Sections 274 and 275 of the Securities and Futures Act and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018.”

Although approval in principle for the notes’ listing on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained, their admission to the official list should “not be taken as an indication of the merits of HDB, its subsidiaries or the notes.”

Read more here.

From ChannelNewsAsia:

When Gabriel Michael Wong, 17, was summoned to the principal’s office earlier this year, he thought he was in trouble.

The Institute of Technical Education (ITE) College East student did not expect to be invited to join the REACH supervisory panel, which helps to shape the direction and activities of the government outreach unit.

This is the first time that the panel will have 15 student representatives, 10 more than the previous panel.

In addition to undergraduates from the autonomous universities, the new panel will have students from ITE colleges, polytechnics, and the Nanyang Academy of Fine Arts.

Gabriel, the youngest panel member, said he wants to bring to the panel’s attention concerns his peers have about finding jobs due to the economic impact of COVID-19, amongst other things.

Read more here.

From PropertyGuru:

The government on 3 December released four Confirmed List sites and nine Reserve List sites under the Government Land Sales programme for the first half of 2021.

The sites can collectively yield around 7,045 private homes, 1,070 hotel rooms, and 101,200 sq m gross floor area of commercial space.

Two of the Confirmed List sites—Slim Barracks Rise (Parcels A and B)—are new.

The Reserve List also features two new site—Jalan Tembusu (at Tanjong Katong) and Tampines Street 62 Parcel B.

The remaining nine sites were carried over from the Reserve List in the second half of 2020.

Read more here.