The issue has an expected and guarantor rating of BBB+ by S&P Global Ratings.
The net proceeds from the issuance will be used for refinancing of existing borrowings, financing or refinancing of acquisitions, investments, asset enhancement works and developments, as well as working capital requirements and general corporate purposes.
DBS Bank and OCBC are serving as joint lead managers and bookrunners for the issuance.
Units in FLCT closed 1 cent lower or 0.98% down at $1.01 on March 19.
