Frasers Logistics & Industrial puts in place S$1 billion debt program

New York, Oct. 28 – Frasers Logistics & Industrial Asset Trust established a S$1 billion multicurrency debt issuance program, according to an announcement from manager Frasers Logistics & Industrial Asset Management Pte. Ltd.

DBS Bank Ltd. and Australia and New Zealand Banking Group Ltd. are joint arrangers and dealers.

Frasers Logistics may use the program to issue nots and perpetual securities in Singapore dollars or any other currency.

Proceeds will be used to refinance existing borrowings, to finance acquisitions, and investment opportunities, for working capital and for general corporate purposes.

Frasers Logistics is a Singapore-based real estate investment trust that invests in logistics and industrial-related assets in Australia.

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