Stocks to watch: SIA, FLCT, Frasers Property, CSE Global, No Signboard, Chemical Industries 

THE following companies saw new developments that may affect trading of their securities on Friday (Mar 15): 

Singapore Airlines (SIA) : The flag carrier has priced US$500 million of 10-year, 5.25 per cent bonds at a re-offer price of 99.646 per cent of their nominal value to yield 5.296 per cent. The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS on Thursday as a joint coordinator and book runner for the bond. Shares of SIA closed S$0.03 or 0.5 per cent higher at S$6.42 before the announcement.

Frasers Logistics and Commercial Trust (FLCT) , Frasers Property : The real estate investment trust is acquiring an 89.9 per cent interest in four logistics assets in Germany from its sponsor, Frasers Property, for a consideration of 118.7 million euros (S$173.1 million). On Friday, FLCT said the acquisition is expected to be accretive to distribution per unit and net asset value. Units of the Reit ended Thursday unchanged at S$1.04, while Frasers Property shares were flat at S$0.835.