Frasers Property Issues SG$40 Million Bonds Due 2037
Frasers Property (SGX:TQ5) subsidiary Frasers Property Treasury issued SG$40 million of 3.50% fixed-rate bonds due in 2037, according to a Friday filing with the Singapore bourse.
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Frasers Property (SGX:TQ5) subsidiary Frasers Property Treasury issued SG$40 million of 3.50% fixed-rate bonds due in 2037, according to a Friday filing with the Singapore bourse.
Frasers Property (SGX:TQ5) has launched and priced its SG$1.8 million fixed-rate additional bonds under the SG$5 billion Multicurrency Debt Issuance Programme established in January 2017, according to a Monday filing with the Singapore bourse.The additional notes will carry a fixed interest rate of 3.50% per annum, payable semi-annually in arrears, and will be issued at an issue price of 100% of their principal amount. The notes are scheduled to mature on March 18, 2037.Oversea-Chinese Banking Corp. or OCBC (SGX:O39) has been appointed as the sole lead manager for the additional notes.The additional notes will be fungible with new notes of SG$38.3 million, forming a SG$40 million Series 007 Notes issue.Net proceeds will be used for general corporate purposes, including refinancing borrowings, acquisitions and investments, working capital and capital expenditure.The bonds are expected to be listed around Sept. 21.
Frasers Property (SGX:TQ5) plans to redevelop its retail mall, Yishun 10, in Singapore into a new mixed-use development with about 110 residential units, according to a Wednesday filing to the Singapore stock exchange.The project is targeted for launch in mid-2027 with completion in 2031.Yishun 10 will continue to be managed by the property developer, with operations expected to cease on March 2, 2027.
Frasers Property (SGX:TQ5) expanded its retail footprint along Singapore's prime shopping corridor after acquiring Cuppage Terrace for an agreed property value of SG$175 million, according to a Monday filing to the Singapore stock exchange.Cuppage Terrace spans a site area of 28,986 square feet with a total gross floor area of approximately 34,678 square feet, excluding the sheltered outdoor refreshment area. The commercial cluster is located directly adjacent to Frasers Property's flagship retail mall, The Centrepoint.The property has around 62 years left on its 99-year lease.
Frasers Property (SGX:TQ5) has invited unitholders to sell the SG$500 million of 4.15% bonds, due Feb. 23, 2027, at par.The holders can take cash or opt for new Singapore-dollar bonds due 2037, with a coupon of at least 3.5%, according to a Monday Singapore Exchange filing.The offer opened Aug. 31 and closes Sept. 9, with settlement expected around Sept. 17.
Frasers Property (SGX:TQ5) secured shareholder approval at an extraordinary general meeting for the proposed optimization of its hospitality assets under the privatised Frasers Hospitality Trust, according to a Friday filing with the Singapore Exchange.The transaction unlocks capital from mature assets, enhances financial flexibility and provides full ownership of Fraser Suites Singapore to facilitate the redevelopment of the Valley Point site, the company said.Completion is expected by the end of fiscal year 2026.
Frasers Property's (SGX:TQ5) subsidiary, Frasers Property Treasury, issued SG$150 million worth of 3.50% bonds due 2036 under its SG$5 billion multicurrency debt issuance program, according to a Friday filing with the Singapore Exchange.Oversea-Chinese Banking Corp. or OCBC was appointed as the joint lead manager and bookrunner, along with CIMB Bank Berhad, which was appointed as the joint lead manager and passive bookrunner.The bonds were listed on Aug. 31, the filing said.
Frasers Property (SGX:TQ5) subsidiary Frasers Property Treasury proposed to issue SG$150 million worth of 3.5% fixed-rate bonds due 2036 under its SG$5 billion multi-currency debt issuance program, according to a Tuesday filing with the Singapore Exchange.Oversea-Chinese Banking Corp. or OCBC (SGX:O39) has been appointed as joint lead manager and active book runner, while CIMB Bank's Singapore branch as joint lead manager and passive book runner.Net proceeds from the bonds will be used for general corporate purposes, including refinancing existing borrowings, financing acquisitions and working capital.
Frasers Logistics & Commercial Trust (SGX:BUOU) has entered into an AU$65 million loan facility with Crédit Industriel et Commercial's Singapore branch, according to a Wednesday filing with the Singapore Exchange.The loan was facilitated through its trustees and sub-trustees Perpetual (Asia), Athllon Drive Landholding, and PF Management.The loan is subject to conditions relating to any change in the REIT's manager or a shift in control of the manager by Frasers Property (SGX:TQ5).
Frasers Property's (SGX:TQ5) total unrecognized residential revenue stood at SG$1.0 billion as of June 30, from SG$1.4 billion recorded on Sept. 30, 2025, according to a Wednesday filing to the Singapore stock exchange.Of the total unrecognized revenue in the period under review, Singapore accounted for SG$400 million, Australia SG$500 million, Thailand SG$30 million, and China SG$100 million.In Singapore, unrecognized revenue was underpinned by two launched projects, with earnings visibility supported by the sale of 56% of the 380 units at Dunearn House during the July launch weekend, and an additional pipeline from two GLS sites in Singapore.The real estate company said it is working on its portfolio optimization and development pipeline for the first nine months of fiscal 2026, while maintaining a focus on disciplined investment, capital recycling and recurring income.The company's industrial and logistics business continued to benefit from steady tenant demand, with Frasers adding about 68,300 square meters of industrial and logistics landbank during the reported nine months. With this, the development pipeline, including projects delivered during the period, increased to about 1.10 million square meters.Retail operations also recorded positive rental reversion across Singapore, Australia and Thailand, while hospitality performance was cushioned by geographic diversification, which helped to moderate seasonal volatility.The group said leverage metrics remained stable, with SG$2.0 billion in cash and bank balances and SG$1.0 billion in pre-sold revenue. Meanwhile, net debt to total equity came in at 93.6%.The company's shares were up over 1% in recent trade.
Frasers Property (SGX:TQ5) completed the divestment of equity interests in four properties in Germany and the Netherlands for 214.9 million euros, according to a Friday filing with the Singapore Exchange.Frasers, through two subsidiaries, continues to hold a 10.1% interest in two of the four property companies, the filing stated.
Frasers Property (SGX:TQ5) said the chief executive officer of unit Frasers Property Industrial, Reini Otter, will step down from the role, effective Dec. 17, to pursue a new career opportunity, according to a Friday filing with the Singapore Exchange.Otter has been the unit's CEO since 2019, the filing showed.
Singapore shares plunged on Thursday, tracking regional losses as investor confidence was weighed down by concerns over AI trade, coupled by continued tensions in the Middle East.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,514.30 and 5,551.25 throughout the day. It ended the session at 5,539.38, down 20.34 points or 0.4% compared to Wednesday's close.On the corporate front, shares of HG Metal Manufacturing (SGX:BTG) closed over 2% higher as it agreed to extend the long stop date for acquiring a property at 47 Tuas View Circuit in Singapore to Sept. 16.Lum Chang Creations (SGX:LCC) was down nearly 3% at the close with the company expecting to book a "significant increase" in its net profit for the fiscal year ended June 30, compared to a year earlier.Meanwhile, A consortium comprising Frasers Property (SGX:TQ5), Frasers Centrepoint Trust (SGX:J69U), Sunway MCL (KLSE:5211), Sekisui House (TYO:1928) and Lum Chang Building Contractors has emerged as the top bidder for the Bayshore Drive Government Land Sales site in Singapore.
A consortium comprising Frasers Property (SGX:TQ5), Frasers Centrepoint Trust (SGX:J69U), Sunway MCL (KLSE:5211), Sekisui House (TYO:1928) and Lum Chang Building Contractors has emerged as the top bidder for the Bayshore Drive Government Land Sales site in Singapore.The consortium made a bid of SG$2.1 million, 5.8% above the second-highest bid, according to a Wednesday filing with the Singapore Exchange.The mixed-use site spans an area of 57,460.6 square meters and is expected to yield up to 1,280 residential units and 22,500 square meters of commercial area.Depending on the positive outcome of the bid, the parties will jointly develop the residential component, while the commercial component will be developed and fully owned by Frasers Centrepoint Trust, Sunway MCL and Sekisui House.
Frasers Property (SGX:TQ5) unit, Frasers Property Singapore, named Tan Wee Hsien as its chief executive officer designate, effective Sept. 8, according to a Friday filing with the Singapore Exchange.Hsien will succeed Soon Su Lin, who will step down from the role, effective Oct. 1, and will transition to a group advisory role.
Singapore shares extended further gains on Thursday, tracking gains across the region as the US oil prices fell to their lowest level since the start of the US-Iran war, giving way to optimism.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,212.69 and 5,232.64 throughout the day. It ended the session at 5,218.96, up 2.97 points or 0.1% compared to Wednesday's close.On the corporate front, shares of Frasers Property (SGX:TQ5) were up nearly 2% at the close with the property developer proposing an optimization of its portfolio involving around SG$2.1 billion worth of assets.Elite UK REIT (SGX:MXNU) were down over 3% as it issued 25 million private placement units at 0.296 pounds sterling per unit.Meanwhile, GRP (SGX:BLU) subsidiary, Ratus Nautika, is facing new legal proceedings initiated by Energiser Enterprise for "further damages," following a settlement more than two months ago.
Frasers Property (SGX:TQ5) is proposing an optimization of its portfolio involving around SG$2.1 billion worth of assets, according to a Thursday filing with the Singapore Exchange.The proposal is expected to recalibrate the property developer's hospitality portfolio, enhance capital efficiency and drive long-term shareholder value.
Frasers Property's (SGX:TQ5) subsidiaries, Frasers Property Investments (Europe) and FPE Investments RE11, signed a conditional share purchase agreement with FLT Europe to divest their stakes in four property holding companies in Germany and the Netherlands for 214.9 million euros in cash.Shares of the property developer were down nearly 1% in Tuesday trading.FLT Europe is a subsidiary of Frasers Logistics & Commercial Trust (SGX:BUOU), while the four property holding companies own four logistics properties, according to a Monday bourse filing.The disposal is part of the company's strategy to recycle capital to optimize capital productivity.
Singapore shares closed in negative territory on Friday, joining a regional retreat as investors reacted to news of the latest military strikes between the U.S. and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,895.09 and 4,939.10 throughout the day. It ended the session at 4,921.90, down 20.06 points or 0.4% compared to Thursday's close.According to Iranian news agencies, explosions were heard near the city of Bandar Abbas, with the Tehran regime responding by attacking US military vessels.On the corporate front, Oversea-Chinese Banking Corp. or OCBC's (SGX:O39) net profit attributable to equity holders rose 5% in the first quarter of the year to SG$1.97 billion from SG$1.88 billion a year earlier. Its shares were marginally up at the close.Shares of AvePoint (SGX:AVP) were up nearly 2% at the close as it booked a higher net income of $15.3 million during the first quarter of the year compared with $3.6 million a year earlier.Meanwhile, shares of Frasers Property (SGX:TQ5) closed nearly 3% lower, as its attributable profit to owners dropped by 38% during the fiscal first half ended March 31 to SG$88.4 million from SG$142.2 million a year earlier.
Frasers Property's (SGX:TQ5) attributable profit to owners dropped by 38% during the fiscal first half ended March 31 to SG$88.4 million from SG$142.2 million a year earlier, according to a Friday filing with the Singapore Exchange.Earnings per share fell to SG$0.02 compared with SG$0.035 in the year-ago period.Revenue declined 5.2% year over year to SG$1.51 billion from SG$1.59 billion, mainly due to the absence of contribution from Sky Eden@Bedok in Singapore.Shares of the property developer and manager dropped nearly 4% in Friday trading.
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