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Frasers Logistics & Industrial Trust enters loan agreements

Frasers Logistics & Industrial Trust entered into agreements to borrow from Citibank and DBS Bank Ltd. through Perpetual (Asia) Ltd. as its trustee.

The industrial real estate investment trust will borrow €100 million of multicurrency facilities from the Singapore branch of Citibank and a bridge loan facility of S$200 million from DBS Bank Ltd.

As of May 22, US$1 was equivalent to S$1.34.