, Singapore

Frasers Property to issue fixed-rate perpetual securities at $400m

It will be issued in registered form and in denominations of $250,000 each.

Frasers Property Treasury, a subsidiary of Frasers Property, has proposed to issue a fourth series of securities, comprising $400m in aggregate principal amount of fixed-rate subordinated perpetual securities under the $5.0b Multicurrency Debt Issuance Programme.

The Series 004 Securities will be issued in registered form and in denominations of $250,000 each. Oversea-Chinese Banking Corporation (OCBC) will be its global coordinator, lead manager and bookrunner. Issue price is 100% of the aggregate nominal amount.

The Multicurrency Debt Issuance Programme was first established last 16 January 2017 by Frasers Property Treasury.

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