SINGAPORE (Jan 17): Frasers Centrepoint Limited announced that FCL Treasury, a wholly-owned subsidiary of the company, has established a $5 billion multi-currency debt issuance programme on Monday.

The net proceeds from each issue of securities under the programme will be used by the group for the refinancing of borrowings, financing of potential acquisition and investment opportunities as well as working capital requirements and general corporate purposes.

The issuer has appointed DBS Bank and Oversea-Chinese Banking Corporation to act as the joint arrangers and dealers of the programme.

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