By Marisa Wong
Madison, Wis., April 5 - Fraser and Neave, Ltd. announced that FCL Treasury Pte. Ltd. has issued S$75 million of fixed-rate notes. FCL Treasury is a wholly owned subsidiary of Fraser and Neave's wholly owned subsidiary, Frasers Centrepoint Ltd.
This is the first issue under FCL Treasury's previously announced S$1 billion multicurrency medium-term note program.
The series 1 notes have a coupon of 3.7% and mature on April 5, 2019.
DBS Bank Ltd. is the dealer.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing investments.
Fraser and Neave sells soft drinks, beer, dairy products and glass containers and is based in Singapore.
| Issuer: | FCL Treasury Pte. Ltd.
|
| Issue: | Fixed-rate notes, series 1
|
| Amount: | S$75 million
|
| Maturity: | April 5, 2019
|
| Dealer: | DBS Bank Ltd.
|
| Coupon: | 3.7%
|
| Announcement date: | April 5
|
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