ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian dollar tranche and a US dollar tranche.
In early June, GuocoLand issued S$180 million of three-year notes at a fixed interest rate of 4.05 per cent per annum.
In July, Ho Bee Land issued S$160 million of five-year green notes at a fixed interest rate of 4.35 per cent per annum. An entity linked to the group’s executive chairman Chua Thian Poh bought a substantial chunk of the said notes.
