Frasers Property Limited (FPL)

Company in the news

Frasers Property will not be redeeming the $300 mil fixed rate subordinated perpetual securities on first call date

According to the group, the decision to do so was partly due to the current macroeconomic and interest rate environments.

Sustainability

Frasers Property's green retail notes offer 1.64 times subscribed

The total final offer size was increased to $500 million from the initial $420 million.
FHT shareholders vote against scheme resolution for privatisation - THE EDGE SINGAPORE

REITs

FHT shareholders vote against scheme resolution for privatisation

Frasers Property (FPL) and the manager of FHT had announced their offer of 70 cents per FHT unit to FHT’s unitholders on June 13.
[Update] Frasers Property to offer up to $375 mil worth of five-year fixed rate green notes - THE EDGE SINGAPORE

Sustainability

[Update] Frasers Property to offer up to $420 mil worth of five-year fixed rate green notes with coupon rate of 4.49%

The notes will have a public offer tranche that will be open to retail investors in Singapore.

New appointments

Frasers Property Capital appoints Wong Ping as its chief investment officer

Wong previously held senior leadership positions with CBRE Investment Management and Allianz Real Estate Asia Pacific.
Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation

The JVCo is said to explore a potential share subscription of $84.27 million for a 50% stake in BetterBe Marketplace.

Company in the news

Frasers Property (Thailand) reports 'cyber incident' involving data leaks

The investigations into the incident are currently ongoing.
Capitaland, Link REIT vying for NTUC's $4 bil portfolio of malls  - THE EDGE SINGAPORE

Property

Capitaland, Link REIT vying for NTUC's $4 bil portfolio of malls

Mercatus manages assets worth more than $10 billion and is one of the largest mall owners by floor space in Singapore.

Broker's Calls

Maybank Securities advise investors to accept FHT privatisation offer

Units in FHT closed 3 cents higher or 4.55% up at 69 cents on June 13.

REITs

TCC is said to seek $500 mil loan for Frasers Trust privatisation

Trading in shares of Frasers Hospitality Trust and parent company Frasers Property were halted Thursday.
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