By Wendy Van Sickle
Columbus, Ohio, July 15 – Singapore’s Frasers Logistics & Commercial Asset Management Pte. Ltd. announced the pricing of S$150 million 2.18% series 001 notes due July 26, 2028 (BBB+), according to a notice.
The notes are being issued by FLCT Treasury Pte. Ltd. out of the company’s S$1 billion multicurrency debt issuance program. They are guaranteed by Frasers Logistics & Commercial Trust.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are the joint bookrunners for the notes.
The notes may be redeemed in whole or in part at a make-whole amount plus interest to but excluding the redemption date.
Proceeds will be used to refinance eligible sustainable projects.
The commercial property investor is based in Singapore.
Issuer: | FLCT Treasury Pte. Ltd.
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Guarantor: | Frasers Logistics & Commercial Trust
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Issue: | Series 001 notes
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Amount: | S$150 million
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Maturity: | July 26, 2028
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Bookrunners: | DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd.
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Coupon: | 2.18%
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Call: | In whole or in part at a make-whole amount plus interest to but excluding the redemption date
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Announcement date: | July 15
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Settlement date: | July 26
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Rating: | S&P: BBB+
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