Frasers Centrepoint in mega perpetual bond issue

Singapore

NOT only is Frasers Centrepoint's perpetual bond issue the first perpetual deal for 2015, it is a whopper at S$700 million.

On Monday, Frasers Centrepoint sold S$700 million of perpetual bonds NC5 5 per cent, the biggest non-bank perpetual deal since 2012. NC 5 means that the bonds will not be called or redeemed before the fifth year.