<article>Property developer <a style="color: #000080;" href="http://www.fraserscentrepoint.com/html/index.php" target="_blank">Frasers Centrepoint</a> Monday listed its seven-year S$500 million bond issue, which carry a fixed interest rate of 3.65 per cent per year, on the Singapore Exchange (SGX) mainboard.</article>

Property developer <a style="color: #000080;" href="http://www.fraserscentrepoint.com/html/index.php" target="_blank">Frasers Centrepoint</a> Monday listed its seven-year S$500 million bond issue, which carry a fixed interest rate of 3.65 per cent per year, on the Singapore Exchange (SGX) mainboard.
This is the first retail bond offering by the FCL group. It will trade under the stock code &#8220;AXXZ&#8221;.
Last week, Frasers Centrepoint had increased its bond issue to S$500 million, as against the initial offering, which was only S$200 million. The compay said strong demand from both retail and institutional investors, on seven-year bonds by its wholly-owned subsidiary, FCL Treasury, led it to more than double size of the issue.
Lim Ee Seng, group chief executive officer of FCL said, “We are encouraged by the strong response to both the placement and retail tranches of our bond offering. Our overall total offering was 3.2 times subscribed, and we upsized the retail tranche to meet the keen demand from investors.”
Commenting on the development, Lawrence Wong, head of listings at the SGX, said: “We are pleased that FCL Treasury is joining a growing pool of bond issuers that are specifically tapping our retail investor base to meet their financing needs. We look forward to more of such offering for our retail investors to provide them with more options in their wealth planning.”
Also Read: <a style="color: #ff0000;" title="Frasers Hospitality acquires Sydney hotel for A$224m" href="http://www.dealstreetasia.com/stories/frasers-hospitality-acquires-sydney-hotel-for-a224m-6236/" rel="bookmark">Frasers Hospitality acquires Sydney hotel for A$224m</a>

Frasers Centrepoint Monday listed its seven-year S$500 million bond issue, which carry a fixed interest rate of 3.65 per cent per year, on GX

Frasers Centrepoint lists seven-year retail bonds on SGX

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Frasers Centrepoint lists seven-year retail bonds on SGX

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief