Frasers Hospitality Trust’s New Notes Rated by RAM

Frasers Hospitality Trust (SG:ACV) has released an update.

RAM Ratings has assigned preliminary ratings to Frasers Hospitality Trust’s proposed RM502.48 million Medium Term Notes Series 2024-A, aiming to refinance maturing notes due in July 2024. The issuance includes AAA-rated Class A Senior MTNs and lower-rated junior tranches, with Maybank Investment Bank Berhad as the lead arranger. The move is part of a continuous strategy to manage the trust’s portfolio, specifically regarding The Westin Kuala Lumpur asset.

For further insights into SG:ACV stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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