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
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[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.
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