Find out more at btsub.sg/btdeal
You are here
FCL to issue S$50m bonds, consolidate these with earlier two tranches
A wholly owned subsidiary of Frasers Centrepoint Limited is proposing to issue a third tranche of S$50 million in notes that will be consolidated with another two tranches earlier issued in February and April.
FCL Treasury Pte Ltd plans to issue S$50 million in 4.15 per cent fixed rate notes due 2027 on June 6, at an issue price of 100.5 per cent of the principal amount of the notes plus accrued interest from Feb 23 to June 6.
These will be consolidated and form a single series with the S$398 million bonds and the S$52 million bonds issued in Feb 23 and April 6 this year respectively. The earlier two tranches also have a coupon of 4.15 per cent and are due 2027.
OCBC is the sole global coordinator, lead manager and bookrunner for the notes. Net proceeds from the issuance of these notes will be used for general corporate purposes, including refinancing existing borrowings, general working capital and/or capital expenditure requirements.