Singapore's Fraser and Neave to redeem 3.62% notes, 2.45% notes

By Angela McDaniels

Tacoma, Wash., Nov. 21 - Fraser and Neave, Ltd. called its S$150 million 3.62% notes due 2015 and F&N Treasury Pte. Ltd.'s S$50 million 2.45% notes due 2015 for redemption.

The redemption price is 101.81% of par for the 3.62% notes and 101.225% of par for the 2.45% notes. Holders will also receive accrued interest.

The redemption date is Nov. 29.

Fraser and Neave sells soft drinks, beer, dairy products and glass containers and is based in Singapore.

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