SINGAPORE (April 4): Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust, announced Monday that FCT MTN has issued S$90 million (RM285.5 million) of 2.365% notes due 2020 comprised in Series 011 under its S$1 billion Multicurrency Medium Term Note Programme.

FCT MTN issued the notes as a wholly-owned subsidiary of HSBC Institutional Trust Services (Singapore), in its capacity as trustee of FCT. The Series 011 Notes are unconditionally and irrevocably guaranteed by the trustee.

Unless previously redeemed, purchased, or cancelled, the notes shall mature on April, 2020.

DBS Bank has been appointed as global coordinator and joint lead manager of the Series 011 Notes, while CIMB Bank has been appointed as joint lead manager.

The notes have been assigned a “BBB+” rating by Standard & Poor’s Rating Services. — theedgemarkets.com.sg

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
ECERDC championing East Coast transformation—from exotic charms to economic pivots

Under a collective banner branded as the East Coast Economic Region (ECER), the states of Kelantan, Terengganu, Pahang, and Mersing and Segamat in Johor are becoming a driving force in strengthening the country’s industrial base to attract high-value investments.

read more
RELATED POSTS
  1. Malaysia and Singapore reaffirm economic commitment, set path for JS-SEZ launch
  2. 18MPS: Industrial demand outpaces supply in JS-SEZ—Knight Frank
  3. New economy minister to meet Singapore counterpart ahead of JS-SEZ blueprint release