HDB's latest 12-year bond deal makes it the biggest issuer in 2018

It's the 3rd issue so far this year by HDB and the one with the longest maturity

OCBC, which handled the sale, identified improved investor sentiment on the back of dovish signals from the US Federal Reserve and recommended a launch strategy to the HDB.

PHOTO: AFP

Singapore

HDB last week sold a S$500 million 12-year bond despite poor market sentiment.

It was also the third bond issue so far this year by HDB - the nation's public housing body - and the longest maturity.

The S$500 million, 12-year bonds