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Frasers Centrepoint unit to issue S$30M of senior notes

A Frasers Centrepoint Ltd. subsidiary, FCL Treasury Pte. Ltd., plans to offer S$30 million of 4.25% fixed-rate notes due 2026.

The notes will form a single series with the company's April 2016 issuance of S$250 million of the 4.25% notes.

The issue price will be 103.435% of the principal amount of the notes, plus accrued interest from April 21. Net proceeds will be used to meet corporate funding requirements.

Oversea-Chinese Banking Corp. Ltd. is the global coordinator, lead manager and book runner for the offering.