Frasers Property’s green retail notes 1.64x oversubscribed  

Following the oversubscription, the company raised its notes offer to $500m.

Frasers Property increased its final offer for its inaugural green retail notes to $500m from $420m following oversubscription.

In a bourse filing, the real estate company said its green retail notes received total valid applications amounting to $689.3m, a subscription rate of 1.64 times the initial offer.

Of the total valid applications, $444.3m were received for the public offer, whilst $245m were received for the placement tranche.

“As such, the final Public Offer is S$350 million and the final Placement tranche is S$150 million,” Frasers Property’s manager said.

“All valid applications under the Public Offer shall receive at least some allocation of the notes,” the manager added.

The bonds are expected to be issued on 16 September 2022 and will commence trading on the Main Board of the Singapore Exchange Securities Trading Limited at 9 a.m. on 19 September 2022 under the trading name “FPTREA S$650M4.49%B270916”.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!