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Singapore-listed Frasers Centrepoint (FCL) announced Tuesday (12 May) its plans to raise S$200 million from a seven-year bond which will be offered to both individual and institutional investors.
The bonds, which will carry a fixed interest rate of 3.65 percent per year, will be issued by the group’s wholly-owned subsidiary FCL Treasury.
In a press release, FCL said up to S$150 million worth of bonds will be offered to the public and another S$50 million will be made available to institutional and other investors. The minimum investment amount is S$2,000, will be issued at S$1,000 each.
FCL said total offer size may be increased to up to S$500 million but according to media reports, FCL treasury might cancel the the offering if it received orders of less than $75 million.
Public offer opened Wednesday (13 May) and will close a week later at 12 noon of 20 May.
Image: One of Frasers Centrepoint’s malls, Compass Point in Sengkang. (PropertyGuru file photo)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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