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Frasers Centrepoint completes tender offer for 2 series of notes

Frasers Centrepoint Ltd. subsidiary FCL Treasury Pte. Ltd. completed its purchase of two series of notes issued under its S$3.00 billion multicurrency debt issuance program.

The purchase of the notes was completed Oct. 11 and the notes will be cancelled in due course.

The tender offer comprised S$75.0 million of 3.70% notes due 2019 and S$50.0 million of 3.80% notes due 2022. Shareholders previously passed a resolution for the notes' redemption.

As of Oct. 10, US$1 was equivalent to about S$1.36.