SINGAPORE (Reuters) - Property developer and manager Frasers Centrepoint Limited is offering seven-year bonds of up to S$200 million at par to yield 3.65 per cent.

Of the total, it is selling $150 million to the public and $50 million to institutional investors.

DBS is sole bookrunner and underwriter of $50 million of the offering, if subscriptions fall short when the offer ends on May 20.

The issuer said it might cancel the offering if it received orders of less than $75 million, and could also increase it to as much as $500 million if the demand was good.

The bonds will be issued in the name of FCL Treasury Pte Ltd with Frasers Centrepoint Ltd as the guarantor.