09-09-2022, 04:01 PM
SINGAPORE: Frasers Property on Friday (Sep 9) launched S$420 million worth of five-year green notes that will carry a fixed interest rate of 4.49 per cent per annum. Up to S$300 million will be offered to retail investors in a public offer, while up to S$120 million will be offered to institutional and other investors. The notes will be issued under its wholly owned subsidiary Frasers Property Treasury's S$5 billion multicurrency debt issuance programme, and will be "unconditionally and irrevocably guaranteed" by Frasers Property, said the company. The public offer opened for subscription at 9am on Friday and closes at noon next Wednesday.
Recent FD and SSB rates are around 2-2.6% so is the approx. additional. 2% interest sufficient to cover the additional risk for such an issue?
https://www.channelnewsasia.com/business...on-2928871
Recent FD and SSB rates are around 2-2.6% so is the approx. additional. 2% interest sufficient to cover the additional risk for such an issue?

https://www.channelnewsasia.com/business...on-2928871