Frasers Centrepoint to issue US$200m five-year debt at 2.5%
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FRASERS Centrepoint Limited said on Tuesday that it plans, through its wholly owned subsidiary FCL Treasury, to issue US$200 million in fixed rate notes.
The interest rate for the notes - the seventh series issued under FCL's multicurrency debt issuance programme - is fixed at 2.5 per cent per annum payable semi-annually in arrear. Unless previously redeemed, purchased or cancelled, the notes shall mature on July 21, 2021.
The net proceeds will be used for general corporate purposes, including refinancing the existing borrowings, and financing the investments and general working capital needs.
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