FLCT issues S$150m sustainability notes

The seven-year notes will mature in 2028.

The wholly-owned subsidiary of a trustee of Frasers Logistics & Commercial Trust (FLCT) trustee, FLTC Treasury Pte. Ltd., issued a S$150m maiden sustainability notes that is set to mature by 26 July 2028.

In a release dated 15 July, FLCT said the sustainability notes, issued pursuant to its S$1b multicurrency debt insurance programme, has a fixed coupon rate of 2.18%.

The notes will be issued registered form and in denominations of S$250,000.

It said that sustainability notes are issued under a newly established Sustainable Finance Framework is the first-ever sustainability notes to be priced in the SGD bond market. Proceeds from the notes will go to the financing or refinancing of Eligible Sustainable Projects under the Framework.

“Sustainability has been integral to FLCT’s business activities since our inception, and we are delighted with this opportunity to match the diversification of our financing needs via the debt capital markets with sustainability notes. We are thankful to investors for their strong support of FLCT’s maiden debt issuance, which illustrates confidence in FLCT’s financial strength and growth strategy,” Robert Wallace, CEO of the manager, said.

It said the deal was supported by “exceptionally strong demand from institutional investors.” It added that the final order book was in excess of S$450m with orders from across 39 accounts.

As to the investor distributions, 75% of the notes were allocated to fund managers and insurance accounts, 19% to the banks and public sector accounts and 6% to private banking accounts.

DBS Bank Ltd and OCBC Bank were the joint lead manager and book-runners for the transaction.

Follow the link for more news on

Frasers Logistics & Commercial Trust

notes issuance

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia