Frasers Property to redeem S$350 million 3.95% subordinated securities

By Mary-Katherine Stinson

Lexington, Ky., Aug. 29 – Frasers Property Ltd. announced that wholly owned subsidiary Frasers Property Treasury Pte. Ltd. will redeem all its S$350 million 3.95% fixed-rate subordinate perpetual securities (ISIN: SG7HD2000000) on the first reset date of Oct. 5, according to a notice Monday.

The redemption will be at par along with any accrued and/or unpaid distributions to the redemption date.

The securities will be canceled and delisted from the Singapore Exchange following the redemption.

Frasers is a multinational real estate and property management company with headquarters in Singapore.

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