By Susanna Moon
Chicago, Sept. 26 - Fraser & Neave Holdings Bhd. said F&N Capital Sdn Bhd., a wholly owned subsidiary, issued RM 150 million of 4.38% five-year notes. The notes will be guaranteed by Fraser & Neave Holdings.
The bonds were issued under the company's RM 750 million medium-term note program, according to a company press release. The company also has a RM 750 million commercial paper program.
The commercial paper program will run for seven years from the first issue date of paper under the program and the notes for 15 years from first issue.
The paper may be issued at a discount to the face value, whereas the notes may be issued at par, premium or at a discount.
Proceeds will be used for general corporate purposes.
The company has applied to issue the notes with the Securities Commission of Malaysia.
Standard Chartered Bank Malaysia Bhd. is the lead arranger, lead manager and facility agent for the programs.
RAM Rating Services Bhd. assigned a final long-term rating of AA1(s)/stable and short-term rating of P1(s) for the programs.
Fraser & Neave Holdings is a Kuala Lumpur-based beverage company and is the Malaysian arm of Singapore-based bank and real estate developer Fraser & Neave Ltd.
| Issuer: | F&N Capital Sdn Bhd.
|
| Issue: | Notes
|
| Amount: | RM 150 million
|
| Maturity: | Sept. 25, 2018
|
| Coupon: | 4.38%
|
| Settlement date: | Sept. 26
|
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