Frasers Centrepoint Trust Reveals Safeguards in New Green Loan
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Frasers Centrepoint Trust announced a S$120 million amended green revolving credit facility with DBS Bank, which includes clauses for change-of-control and manager continuity. This requires prepayment if there are changes in control or management without consent. Although no trigger events have occurred, breaches could impact S$2.7 billion in other borrowings. The stock (SG:J69U) has a Buy rating with a price target of S$2.74, and the trust focuses on suburban malls in Singapore.
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