OREANDA-NEWS. May 25, 2015. Singapore Exchange (SGX) today welcomed the listing of a retail bond issued by FCL Treasury Private Limited, a wholly-owned subsidiary of Frasers Centrepoint Limited (FCL) on the Mainboard under the stock code, “AXXZ”.

This is the first retail bond offering by the FCL group, and has a coupon rate of 3.65% per annum payable half-yearly with a seven-year tenure. Total issue size for the bond is \\$500 million.

Mr Lim Ee Seng, Group Chief Executive Officer of FCL said, “We are encouraged by the strong response to both the placement and retail tranches of our bond offering. Our overall total offering was 3.2 times subscribed, and we upsized the retail tranche to meet the keen demand from investors. We are grateful to all investors for their confidence in us, and would also like to thank SGX for their continued support as a listing partner.”

Lawrence Wong, Head of Listings at SGX, said: “We are pleased that FCL Treasury is joining a growing pool of bond issuers that are specifically tapping our retail investor base to meet their financing needs. We look forward to more of such offering for our retail investors to provide them with more options in their wealth planning.”