General Announcement::SGX welcomes listing of Frasers Centrepoint Limiteds seven-year retail bonds

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-May-2015 09:43:38
Status
New
Announcement Sub Title
SGX welcomes listing of Frasers Centrepoint Limiteds seven-year retail bonds
Announcement Reference
SG150525OTHRYD5E
Submitted By (Co./ Ind. Name)
patricia choo
Designation
head of media communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the listing of a retail bond issued by FCL Treasury Private Limited, a wholly-owned subsidiary of Frasers Centrepoint Limited (FCL) on the Mainboard under the stock code, AXXZ .

This is the first retail bond offering by the FCL group, and has a coupon rate of 3.65% per annum payable half-yearly with a seven-year tenure. Total issue size for the bond is $500 million.

Mr Lim Ee Seng, Group Chief Executive Officer of FCL said, We are encouraged by the strong response to both the placement and retail tranches of our bond offering. Our overall total offering was 3.2 times subscribed, and we upsized the retail tranche to meet the keen demand from investors. We are grateful to all investors for their confidence in us, and would also like to thank SGX for their continued support as a listing partner.

Lawrence Wong, Head of Listings at SGX, said: We are pleased that FCL Treasury is joining a growing pool of bond issuers that are specifically tapping our retail investor base to meet their financing needs. We look forward to more of such offering for our retail investors to provide them with more options in their wealth planning.

Attachments

20150525_SGX_lists_Frasers_Centrepoint_Limiteds_seven-year_retail_bonds.pdf
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