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Frasers Property Holdings issues 5B baht worth of debentures

Frasers Property Holdings (Thailand) Co. Ltd. carried out its plan to issue 5.00 billion Thai baht through three series of debentures under its 25.00 billion-baht program.

The company issued March 7 2.00 billion baht of 2.19% debentures due 2021, 1.00 billion baht of 2.55% debentures due 2023 and 2.00 billion baht of 3.54% debentures due 2028.

Singapore-listed real estate developer Frasers Property Ltd., the parent of Frasers Property Holdings, guaranteed the issuance, according to a news release.

As of March 7, US$1 was equivalent to 31.34 Thai baht.