Jul 15, 2014
Announcement Title | General Announcement |
Announcement Subtitle | Moody's assigns definitive Baa2 to Frasers Hospitality Trust |
Securities | FRASERS HOSPITALITY TRUST (FRASERHT) |
Date & Time of Broadcast | Jul 15, 2014 19:38 |
Submitted By | Piya Treruangrachada Company Secretary, Frasers Hospitality Asset Mgmt Pte Ltd & Frasers Hospitality Trust Mgmt Pte Ltd |
Description | Frasers Hospitality Asset Management Pte. Ltd., as manager of Frasers Hospitality Real Estate Investment Trust ("FH-REIT") and Frasers Hospitality Trust Management Pte. Ltd., as trustee-manager of Frasers Hospitality Business Trust ("FH-BT"), would like to announce that Moody's has assigned a definitive issuer rating of Baa2 with a stable outlook to Frasers Hospitality Trust ("FHT", comprising FH-REIT and FH-BT) following FHT's successful listing on the Main Board of Singapore Exchange Securities Trading Limited on 14 July 2014. Moody's definitive rating to FHT confirms the provisional rating assigned on 24 June 2014. A press release by Moody's dated 14 July 2014 is attached for information. DBS Bank Ltd. is the Sole Global Coordinator and Issue Manager for the initial public offer of stapled securities in FHT (the Offering ). DBS Bank Ltd., Morgan Stanley Asia (Singapore) Pte., Standard Chartered Securities (Singapore) Pte. Limited and United Overseas Bank Limited are the Joint Bookrunners and Underwriters for the Offering. |
15 Jul 2014 | PDF 114,634 kb