SUBSCRIBERS
FCL S$600m perpetual bonds priced at 4.88%
Published Thu, Sep 18, 2014 · 04:00 PM
FRASERS Centrepoint Ltd's (FCL) S$600 million debut perpetual issue, the largest perpetual deal this year, has been snapped up, said DBS Bank on Thursday.
The hot demand led to the subordinated NC-5 perpetual bonds being priced at 4.88 per cent, lower than the initial guidance of 5 per cent.
NC-5 means the bonds cannot be redeemed by the issuer until the fifth year, or Sept 24, 2019.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife directors offer differing views on future oversight if board is rejigged
Tesla lays off more staff in software, service teams, Electrek reports
Robinhood Crypto gets Wells notice from US SEC
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment