Frasers Property Treasury to redeem $600m perpetual securities

The redemption is scheduled for 11 April.

Frasers Property Treasury Pte. Ltd., a subsidiary of Frasers Property Limited, announced the redemption of $600m fixed rate subordinated perpetual securities.

The redemption, in line with condition 5(b) of the $5b Multicurrency Debt Issuance Programme, is scheduled for 11 April.

The redemption price is $ 250k for every $250k in nominal amount of perpetual securities, including accrued distribution up to but excluding 11 April.  

The global certificate is to be presented and surrendered by The Central Depository (Pte) Limited to the issuing and paying agent at One Temasek Avenue, #02-01 Millenia Tower, Singapore 039192, on the Redemption Date. 

The redemption price will be paid to The Central Depository (Pte) Limited on the Redemption Date.

Upon redemption, the perpetual securities will be cancelled and delisted from the Singapore Exchange Securities Trading Limited.