Anatomy of a Deal: Frasers bond turns heads

Frasers Centrepoint will return to the dollar bond market after its encouraging $200m debut last week. But some bankers are scratching their heads at the aggressive pricing.

Anatomy of a Deal: Frasers bond turns heads

Frasers Centrepoint plans to return to the dollar bond market in the future, after being encouraged by its $200m debut last week. But some bankers were left scratching their heads by the company’s aggressive pricing.

Frasers Centrepoint raised $200m from a five-year bond on Tuesday. After building demand on a two-day roadshow in Hong Kong and Singapore, the Singapore-based property company managed to get away with a coupon of just 2.50%. That was equivalent to...

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