Fraser and Neave Launches S$125 Million 2.60% Notes Due 2033

Reuters01-14
Fraser and Neave Launches S$125 Million 2.60% Notes Due 2033

Fraser and Neave Limited has announced the pricing of S$125,000,000 in aggregate principal amount of 2.60 per cent. notes due 2033, to be issued by its wholly-owned subsidiary, F&N Treasury Pte. Ltd. under its S$2,000,000,000 multicurrency debt issuance programme. The Series 19 Notes, which are unconditionally and irrevocably guaranteed by Fraser and Neave Limited, will be issued in denominations of S$250,000 each and are expected to be issued on 20 January 2026. The notes will mature on 20 January 2033, with interest payable semi-annually at a fixed rate of 2.60 per cent. per annum. United Overseas Bank Limited has been appointed as the dealer for this issuance. The proceeds will be used for working capital, capital expenditure, and refinancing of existing indebtedness. Application will be made for the listing and quotation of the Series 19 Notes on the Singapore Exchange Securities Trading Limited (SGX-ST).

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