Singapore-based property firm Frasers Centrepoint (FCL) revealed last 12 May its aimed to raise about S$200 million for 7-year bonds to be offered to both institutional and individual investors.
The 7-years bonds will carry a fixed interest of 3.65% per annum and will be issued in the name of FCL Treasury.
Over S$150 million value of bonds will be presented to the public and additional S$50 million is being made available to institutional or other investors. A bond value of S$1,000 each will be issued with $2,000 minimum for investment.
According to FCL, the total size of the offering may be increased to about S$500 million, however media said, the offer might be cancelled by FCL treasury if the received orders had less than $75 million.
Frasers Centrepoint Limited is recognized as full-fledged Singapore-based international real estate company, FCL most recent Singapore project is the North Park Residences, a 99-years leasehold mixed development located at the heart of Yishun Centre Singapore.
