Frasers Property to redeem S$600 million perpetual subordinated securities on April 11

By Mary-Katherine Stinson

Lexington, Ky., March 11 – Frasers Property Ltd. announced that wholly owned subsidiary Frasers Property Treasury Pte. Ltd. will redeem all its S$600 million fixed-rate subordinated perpetual securities (ISIN: SGXF71917235) on the first call date of April 11, according to multiple notices.

The redemption will be at par of S$250,000 along with any accrued and/or unpaid distributions to the redemption date, including any arrears of distribution or additional distributions.

The securities will be canceled and delisted from the Singapore Exchange following the redemption.

Frasers is a multinational real estate and property management company with headquarters in Singapore.

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