By Sarah Lizee
Olympia, Wash., April 30 – Singapore’s Frasers Centrepoint Asset Management Ltd. priced S$200 million 3.2% series 001 notes due May 11, 2023 (BBB), according to a notice.
The notes are being issued by FCT MTN Pte. Ltd. out of the company’s S$3 billion multicurrency debt issuance program.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are the joint bookrunners for the notes.
The notes may be redeemed in whole or in part at a make-whole amount plus interest to but excluding the redemption date.
Proceeds will be used to refinance existing debt and for general working capital.
The property developer is a wholly owned subsidiary of Singapore's Fraser & Neave Ltd.
| Issuer: | FCT MTN Pte. Ltd.
|
| Issue: | Series 001 notes
|
| Amount: | S$200 million
|
| Maturity: | May 11, 2023
|
| Bookrunners: | DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 3.2%
|
| Call: | In whole or in part at a make-whole amount plus interest to but excluding the redemption date
|
| Announcement date: | April 30
|
| Settlement date: | May 11
|
| Rating: | S&P: BBB
|
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