**NEW ISSUE: FRASERS COMMERCIAL TRUST (“FCOT”) 5YR SGD SNR – PX GUIDANCE @2.95%

Issuer: FCOT Treasury Pte. Ltd.
Guarantor: British and Malayan Trustees Limited (in its capacity as trustee of FCOT)
Expected Issue Rating: Baa2 (Moody’s)
Status: Senior, unsecured
Issue Size: TBD
Format/Docs: Bearer / Issuer’s SGD 1 billion Multicurrency Medium Term Note Programme (the “Programme”)
Price Guidance: 2.95% area
Interest Payment: Semi-annual, ACT/365 (Fixed)
Tenor: 5 Year
Issue Date: 11 August 2016
Maturity Date: 11 August 2021
Make-Whole Call: Yes, at make-whole (SGD SOR+0.50%)
Redemption for
Taxation Reasons: Yes, at par, in accordance with the Programme
Mandatory
Redemption upon
Termination of FCOT: Yes, at par, in accordance with the Programme
Redemption at the
option of the
Noteholders in the
event of delisting or
suspension of
trading of Units: Yes, at par, in accordance with the Programme
Denomination: SGD250K
Governing Law: Singapore Law
Listing: SGX-ST
Clearing: CDP
Selling Restrictions: As per Information Memorandum dated 3 August 2016, including the Singapore selling restrictions under Sections 274/275 of the Securities and Futures Act, Chapter 289 of Singapore, Reg S only.
Use of Proceeds: The proceeds will be used for refinancing of existing borrowings
Joint Lead Managers
and Bookrunners: DBS Bank Ltd., Standard Chartered Bank (B&D)
Timing: Today’s business

 

COMPS:

FCTSP2.76 06/21: 99.75, 2.81%
SUNSP3.35 02/20: 102.00, 2.75%