,Singapore

Frasers Property to release $100m fixed rate notes at 3%

These would mature by 9 October 2028.

Frasers Property Limited announced that one of its subsidiaries, Frasers Property AHL Limited, had priced the second tranche of $100m in aggregate principal amount of 3%. 

This, in conjunction with the $200m 35 fixed rates notes issued last 23 September 2021, will form a single series. 

The Series 001, Tranche 002, as addressed by the company will be managed by Oversea-Chinese Banking Corporation Limited (OCBC).

These will be issued in denominations of $250,000 each and will mature by 9 October 2028. The interest rate will be locked at 3% per annum at a semi-annual rate. 

Net proceeds from this issue will go to financing or refinancing of qualifying projects and assets under the Eligibility Criteria for Eligible Green or Sustainable Projects in the FPA Sustainable Finance Framework.

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