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Frasers Centrepoint launches S$3 billion multicurrency debt program
By Marisa Wong
Morgantown, W.Va., Feb. 8 – Frasers Centrepoint Trust announced a S$3 billion multicurrency debt issuance program.
Trustee HSBC Institutional Trust Services (Singapore) Ltd. and its wholly owned subsidiary, FCT MTN Pte. Ltd., will be the issuers.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are the joint arrangers and dealers.
The program covers notes and perpetual securities, which will be guaranteed by the parent company.
Proceeds will be used to refinance existing borrowings, to finance acquisitions and investments and for working capital and general corporate purposes.
Frasers Centrepoint, a subsidiary of Frasers and Neave, Ltd., is a residential property developer and retail mall owner and operator in Singapore.
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