Frasers Property Thailand, or FPT, and the Frasers Property Thailand Industrial Freehold and Leasehold Real Estate Investment Trust, or FTREIT, have successfully offered bonds worth more than 4.3 billion baht in total. FPT bonds worth 3.1 billion baht were oversubscribed by 2.3 times, while FTREIT bonds worth 1.2 billion baht were oversubscribed by 3.5 times. Both instruments received an A rating with a stable outlook from Tris Rating Company Limited. Proceeds will be used to repay existing debt to reduce financial costs and improve capital management efficiency. Mr. Huat Chiang Lim, Chief Executive Officer of FPT, said the success reflects investor confidence and helps strengthen the financial structure. Mr. Poomiphat Arunthamkul, Managing Director of Frasers Property Industrial REIT Management Thailand Company Limited, as manager of the FTREIT trust, said Thailand's industrial and logistics sector is supported by foreign direct investment and production base relocation from future industries such as digital technology, electronics, and automotive.
Frasers Property (Thailand) Public Company LimitedFPT successfully issued 3.1 billion baht bonds oversubscribed 2.3 times, proceeds to repay debt and improve capital management.
Ticon Freehold and Leasehold Real Estate Investment Trust