F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each
Add BT as a preferred source
[SINGAPORE] Beverage maker Fraser and Neave (F&N) has priced S$125 million in fixed-rate notes due Jan 20, 2033, at 2.6 per cent per annum.
The notes, which will be issued by its wholly owned subsidiary F&N Treasury, are part of the company’s S$2 billion multicurrency debt issuance programme, F&N said in a bourse filing on Tuesday (Jan 13).
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each.
They will be issued on Jan 20, 2026, and are guaranteed by F&N.
UOB has been appointed the dealer of the notes.
Net proceeds will be used for funding the working capital and capital expenditure requirements, as well as for refinancing indebtedness of F&N and its subsidiaries, joint venture entities and associated entities.
Shares of F&N closed flat at S$1.50 on Tuesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures
