FRASERS Property’s wholly owned subsidiary, Frasers Property Treasury (FPT), is proposing to issue S$200 million of fixed-rate subordinated perpetual securities at above par, according to a bourse filing late on Tuesday night. Read more at The Business Times.
FRASERS Property’s wholly owned subsidiary, Frasers Property Treasury , is proposing to issue S$200 million of fixed-rate subordinated perpetual securities at above par, according to a bourse filing late on Tuesday night.
These will be consolidated with the earlier S$400 million 4.98 per cent subordinated perps issued on April 11 to form a single series, under the group's S$5 billion multicurrency programme. Net proceeds from this issue will be used for general corporate purposes and refinancing requirements of Frasers Property and its subsidiaries.
The new unsecured perps are expected to be issued on July 30, at 100.527 per cent of par value plus accrued interest from April 11 to July 30.The coupon is fixed at 4.98 per cent from April 11, 2019, but from April 11, 2024 onwards, the coupon will be the prevailing five-year Singapore dollar swap offer rate plus the initial spread of 3.04 per cent per annum plus a step-up margin of 1 per cent per annum.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ledecky pulls out of world championships 200m heatsOlympic champion Katie Ledecky has pulled out of the women's 200 metres freestyle at world championships on 'medical grounds,' Team USA said Tuesday.
Read more »
1,000 probes into Chinese intellectual property theft: FBIWASHINGTON: The Federal Bureau of Investigation has nearly 1,000 investigations open into attempted intellectual property theft, nearly all of ...
Read more »
Singapore tycoon Oei Hong Leong wins long-running Vancouver property case[SINGAPORE] Singapore businessman Oei Hong Leong has won a long-running court battle involving one of Canada's largest property developers and a commercial site in the heart of Vancouver. Read more at The Business Times.
Read more »
SCI unit divests stake in Chinese wastewater treatment plant operatorSEMBCORP Industries' (SCI) wholly-owned subsidiary, Sembcorp (China) Holding Co, has signed a conditional agreement to divest its 80 per cent stake in Sembcorp Lianyungang Water Co (SLWC) to its local partner for 120 million yuan (S$23.7 million). Read more at The Business Times.
Read more »
FCT Q3 DPU slips to 3 S cents on lower net property income, higher costsCONTRIBUTIONS from Frasers Centrepoint Trust (FCT)'s holdings in associates PGIM Real Estate AsiaRetail Fund (PGIM ARF) helped third-quarter results for the retail landlord, even as it faced lower net property income, higher borrowing costs and an expanded unit base. Read more at The Business Times.
Read more »
Rebranded GYP eyes property for growthPHOTOGRAPHS of GYP Properties' New Zealand properties line the walls of the developer's mainly monochromatic main office in Toa Payoh North. Read more at The Business Times.
Read more »