Frasers Property is targeting a 6 Star Green Star Communities rating for Midtown MacPark, its residential development in Sydney, Australia, with a vision for the community to be carbon neutral in operation
Frasers Property AHL Limited, the wholly-owned subsidiary of Frasers Property Limited, had priced its inaugural offering of notes comprising $200 million on Sept 16.
The SGD-denominated notes are to be issued under the A$2 billion ($1.97 billion) multicurrency debt issuance programme. They will be issued in denominations of $250,000 each.
The notes will carry a coupon of 3.00% per annum and will mature in 2028. The Series 001 notes will be guaranteed by Frasers Property Limited. They will be issued on Sept 23.
The net proceeds from the issue of the notes will be used for the financing or refinancing of new or existing qualifying assets and projects under the eligibility criteria for eligible green or sustainable projects in the FPA sustainable finance framework.
The notes may be redeemed at the option of the issuer in whole or in part on any date before they mature. Oversea-Chinese Banking Corporation Limited (OCBC) acted as the sole lead manager.
Shares in Frasers Property closed flat at $1.14 on Sept 16.
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