Frasers Centrepoint issues $42m fixed rate securities

It will finance its corporate funding requirements.

Frasers Centrepoint Limited (FCL) issued the second tranche of fixed rate subordinated perpetual securities for $42m.

According to an announcement, the issued securities shall form a total of $308m.

The securities are issued under the $5b Multicurrency Debt Issuance Programme.

FCL said the net proceeds from the issuance of securities will be used for corporate funding requirements.

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