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[SINGAPORE] Property developer and manager Frasers Centrepoint Limited is offering seven-year bonds of up to S$200m at par to yield 3.65 per cent.
Of the total, it is selling S$150m to the public and S$50m to institutional investors.
DBS is sole bookrunner and underwriter of S$50m of the offering, if subscriptions fall short when the offer ends on May 20.
The issuer said it might cancel the offering if it received orders of less than S$75m, and could also increase it to as much as S$500m if the demand was good.
The bonds will be issued in the name of FCL Treasury Pte Ltd with Frasers Centrepoint Ltd as the guarantor.