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Frasers Centrepoint unit to issue inaugural series of securities

28-FRASERS Centrepoint Limited-33963310 - 17_02_2015 - YISHUN.jpg
FRASERS Centrepoint Limited's subsidiary FCL Treasury proposed on Thursday to issue its inaugural series of securities, comprising S$348 million in aggregate principal amount of fixed rate notes.

FRASERS Centrepoint Limited's subsidiary FCL Treasury proposed on Thursday to issue its inaugural series of securities, comprising S$348 million in aggregate principal amount of fixed rate notes.

The Series 1 Notes will be issued in registered form and in denominations of S$250,000 each and mature on Feb 23, 2027.

The interest rate for the Series 1 Notes is fixed at 4.150 per cent per annum payable semi-annually in arrear.

This is under the S$5 billion Multicurrency Debt Issuance Programme established by FCL Treasury on Jan 16, 2017 and guaranteed by FCL.

Net proceeds will go to general corporate purposes, including refinancing the existing borrowings, and financing the investments and general working capital and/or capital expenditure requirements.

OCBC is the sole global coordinator, lead manager and bookrunner for the Series 1 Notes.

sentifi.com

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