Bond Factsheet
FCTSP 3.980% Perpetual Corp (SGD)
Frasers Centrepoint Trust
Indicative
Full Lot
Bid Price 101.225
Change in Bid Price
-
Bid Yield (%) 3.625 %
Change in Bid Yield
-
Ask Price 101.775
Change in Ask Price
-
Ask Yield (%) 3.468 %
Change in Ask Yield 0.001
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Frasers Centrepoint Trust
Guarantor
-
Announcement Date
24 Jun 2025
Issue Date
02 Jul 2025
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 3.742
Modified Duration
3.418 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.980
Coupon Type
Variable
Annual Coupon Rate
3.980
Coupon Frequency
Semi Annually
Seniority
Subordinated
Reference Rate
Reset Date: 02 July 2030 and every 5 years thereafter
Reset Rate: prevailing SGD 5Y SORA-OIS + Initial Spread (2.221%)
ISIN
SGXF19697014
CUSIP
YN6794856
Bond Currency
SGD
Total Issue Size
200,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
Deferral Interest Payment
Optional Payment
If Optional Payment is set out hereon, the Issuer may, at its sole discretion, elect not to pay a distribution (or to pay only part of a distribution) which is scheduled to be paid on a Distribution Payment Date by giving notice (an “Optional Payment Notice”) to the Trustee, the Issuing and Paying Agent and the Perpetual Securityholders (in accordance with Condition 14) not more than 15 nor less than five business days (or such other notice period as may be specified hereon) prior to a scheduled Distribution Payment Date.
Dividend Stopper
If Dividend Stopper is so provided on the face of the Perpetual Non-Payment Security and the relevant Pricing Supplement and on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of Condition 4(IV) of the Perpetual Securities, the relevant Issuer and the Guarantor shall not and the FCT Trustee shall procure that none of FCT’s subsidiaries shall:
(i) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on, any of FCT’s or (in the case where FCT MTN is the Issuer) the Issuer’s Junior Obligations or, in relation to Subordinated Perpetual Securities only, (except on a pro rata basis) any of FCT’s or (in the case where FCT MTN is the Issuer) the Issuer’s Parity Obligations; or
(ii) redeem, reduce, cancel, buy-back or acquire for any consideration, and will procure that no redemption, reduction, cancellation, buy-back or acquisition for any consideration is made in respect of, any of FCT’s or (in the case where FCT MTN is the Issuer) the Issuer’s Junior Obligations or, in relation to Subordinated Perpetual Securities only, (except on a pro rata basis) any of FCT’s or (in the case where FCT MTN is the Issuer) the Issuer’s Parity Obligations
Non-Cumulative Deferral
If Non-Cumulative Deferral is so provided on the face of the Cumulative Deferral Perpetual Security and the relevant Pricing Supplement, any distribution deferred pursuant to Condition 4(IV) of the Perpetual Securities is non-cumulative and will not accrue interest. The relevant Issuer is not under any obligation to pay that or any other distributions that have not been paid in whole or in part. The relevant Issuer may, at its sole discretion, and at any time, elect to pay an amount up to the amount of distribution which is unpaid (an “Optional Distribution”) (in whole or in part) by complying with the notice requirements in Condition 4(IV)(e) of the Perpetual Securities. There is no limit on the number of times or the extent of the amount with respect to which the relevant Issuer can elect not to pay distributions pursuant to Condition 4(IV) of the Perpetual Securities. Any partial payment of outstanding Optional Distribution by the relevant Issuer shall be shared by the holders of all outstanding Perpetual Securities and the Coupons related to them on a pro rata basis.
Issuer Call
First Call Date: 2 July 2030 & on every distribution payment date thereafter at par
Additional Note
If so provided hereon, the Perpetual Securities may be redeemed at the option of the Issuer in whole but not in part on any Distribution Payment Date or, if so specified hereon, at any time on giving not less than 30 nor more than 60 days’ notice to the Perpetual Securityholders (which notice shall be irrevocable), at their Redemption Amount, (together with distribution accrued to (but excluding) the date fixed for redemption), if as a result of any change in, or amendment to, the Property Funds Appendix (as defined below), or any change in the application or official interpretation of the Property Funds Appendix, the Perpetual Securities will count towards the Aggregate Leverage (as defined below) under the Property Funds Appendix, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Perpetual Securities will count towards the Aggregate Leverage.
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