Frasers L&C’s trustee puts up $1b Euro-Commercial Paper Programme
The trustee may issue the paper notes in series and currencies.
Real estate investment firm, Frasers Logistics & Commercial Trust (Frasers L&C), said its trustee, Perpetual Asia Limited, established a $1b Euro-Commercial Paper Programme, which will have a tenor of almost a full year.
Under the programme, Perpetual Asia Limited may issue the paper notes in series or tranches and in different currencies.
The notes can also be subjected to any legal or regulatory rules any other currency agreed between the issuer and the programme dealer.
Frasers L&C also revealed that DBS Bank Limited is the sole arranger and dealer of the programme.
“The Programme will be digitalised for issuances on the FIX Marketplace platform of DBS Bank Ltd. by order of the board Frasers Logistics & Commercial Asset Management Pte. Ltd,” said Frasers L&C.