Singapore’s Frasers Trust considering rights issue

SINGAPORE – Singapore’s Frasers Commercial Trust said on Thursday it may consider a rights issue as an option to refinance its debt, however the company said no firm decision has been taken on the plan.

‘The manager is presently considering various options and is in discussion with banks to refinance the existing debt. One of the options being considered is to raise funds by way of a rights issue,’ the company said in a statement.