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Frasers Property to redeem $700m perpetual securities
The redemption price was set at $250,000 for every $250,000 in nominal amount.
Frasers Property will redeem its $700m 5% subordinated perpetual securities by 9 March, according to an SGX filing.
The redemption price was set at $250,000 for every $250,000 in nominal amount, together with distribution accrued to 9 March. This will be paid to The Central Depository. Afterwards, it will be cancelled and delisted from the SGX-ST.
The perpetual securities were issued by its wholly-owned subsidiary, Frasers Property Treasury, based on a trust deed entered in September 2014 and pricing supplement in March 2015.
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