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Frasers Centrepoint ( (SG:J69U) ) has shared an update.
Frasers Centrepoint Trust’s trustee has entered into a S$400 million green term loan and revolving credit facilities agreement with a syndicate of banks including DBS Bank, Oversea-Chinese Banking Corporation and Malayan Banking Berhad, with OCBC also acting as green loan coordinator and facility agent. The facilities include mandatory prepayment provisions triggered if the current manager of FCT is replaced without lender-approved succession or if Frasers Property Limited ceases to own at least 51% of the manager, creating a potential cross‑default exposure over approximately S$2.68 billion of other FCT borrowings; the trust emphasized that none of these conditions has occurred to date, underscoring the importance of stable sponsorship and management control to its financing structure.
The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.74 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.
More about Frasers Centrepoint
Frasers Centrepoint Trust (FCT) is a Singapore-listed real estate investment trust focused on retail properties, managed by Frasers Centrepoint Asset Management Ltd., a subsidiary of Frasers Property Limited. Its portfolio is held through trustee HSBC Institutional Trust Services (Singapore) Limited and various property-holding entities, and it relies on bank financing arrangements to support its property investments and operations.
Average Trading Volume: 4,565,662
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$4.72B
For a thorough assessment of J69U stock, go to TipRanks’ Stock Analysis page.