Frasers Centrepoint Limited says wholly-owned subsidiary, FCL Treasury, is planning to issue a fourth series of securities, comprising $200 million in fixed rate notes under its $3 billion multicurrency debt issuance programme established in 2012.
The notes will be issued in denominations of $250,000 each and shall mature on October 7 2021.
The interest rate is fixed at 3.95% per annum payable semi-annually.
The notes may be redeemed by the issuer in whole or in part on any interest payment date prior to the maturity date.
The net proceeds from the notes issue will be used for general corporate purposes, including refinancing the existing borrowings, and financing the investments and general working capital and/or capital expenditure requirements.
DBS Bank, The Hongkong and Shanghai Banking Corporation, Oversea-Chinese Banking Corporation and Standard Chartered Bank are the joint lead managers and joint bookrunners for the notes.
Frasers Centrepoint Limited closed 0.3% lower at $1.69 last evening.
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