Frasers Centrepoint Trust issues S$200m 3-year notes at 3.2%
Add BT as a preferred sourceNg Ren Jye
THE trustee of Frasers Centrepoint Trust (FCT) on Monday issued S$200 million of notes due 2023 with a 3.2 per cent fixed-rate coupon.
The Series 001 notes are issued under its S$3 billion multicurrency debt issuance programme.
Net proceeds will be used for refinancing existing borrowings and general working capital and/or capital expenditure requirements of FCT and its subsidiaries, FCT's manager said.
The three-year notes are unconditionally and irrevocably guaranteed by FCT's trustee, and have been assigned an issue rating of BBB by S&P Global Ratings.
DBS and OCBC are joint bookrunners for the notes, which are issued in bearer form and in denominations of S$250,000 each.
The Singapore Exchange has given in-principle approval for the listing and quotation of the notes, which are expected to be admitted to the official list of the bourse at 9am on Wednesday.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
FCT units were up S$0.02 or 1 per cent to S$2.08 as at 10.02am on Tuesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
