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PR Newswire
13-05-2015, 09:44 AM
SINGAPORE: Frasers Centrepoint (FCL) plans to raise S$200 million from a bond issue which will be offered to both retail and institutional investors.
The seven-year bonds will carry a fixed interest rate of 3.65 per cent a year and will be issued by its subsidiary FCL Treasury. Up to S$150 million worth of bonds will be offered to the public and another S$50 million will be made available to institutional and other investors. The bonds will be issued at S$1,000 each and the minimum investment is S$2,000.
FCL said it plans to use the net proceeds for general corporate purposes, which include refinancing existing borrowings, financing investments and general working capital.
FCL listed Frasers Hospitality Trust on the Singapore Exchange in July last year. It has also deepened its presence in Australia with the acquisition of Australand Property Group in October 2014.
- CNA/hs
The seven-year bonds will carry a fixed interest rate of 3.65 per cent a year and will be issued by its subsidiary FCL Treasury. Up to S$150 million worth of bonds will be offered to the public and another S$50 million will be made available to institutional and other investors. The bonds will be issued at S$1,000 each and the minimum investment is S$2,000.
FCL said it plans to use the net proceeds for general corporate purposes, which include refinancing existing borrowings, financing investments and general working capital.
FCL listed Frasers Hospitality Trust on the Singapore Exchange in July last year. It has also deepened its presence in Australia with the acquisition of Australand Property Group in October 2014.
- CNA/hs