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F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%

F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%

By Swedan Margen

Fashion

The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each

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 unconditionally and irrevocably 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.

SEE ALSO

The Frasers & Neave board refresh will take effect after its AGM on Jan 27.
F&N's effective interest in Vinamilk will rise to 25% after the proposed transaction.

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Shares of F&N closed flat at S$1.50 on Tuesday.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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