Singapore’s Frasers Property to redeem 4.88% perpetuals on Sept. 24

By Marisa Wong

Los Angeles, July 22 – Frasers Property Ltd. announced that subsidiary Frasers Property Treasury Pte. Ltd. plans to redeem all of its 4.88% perpetual securities on Sept. 24.

The redemption price will include accrued distributions to but excluding the redemption date.

Frasers Property Treasury issued S$600 million of the perpetuals under its S$3 billion multicurrency debt program in September 2014. The securities are guaranteed by the parent company.

Formerly known as Frasers Centrepoint Ltd., Frasers Property is a subsidiary of Frasers and Neave, Ltd., a residential property developer and retail mall owner and operator in Singapore.

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