By Marisa Wong
Morgantown, W.Va., Aug. 14 – Fraser and Neave, Ltd. announced that wholly owned subsidiary F&N Treasury Pte. Ltd. priced S$200 million of 2.8% five-year notes guaranteed by the parent company.
The series 15 notes were issued under the company’s S$2 billion multicurrency debt issuance program.
DBS Bank Ltd. is the dealer.
The notes have a make-whole call option.
Proceeds will be used for working capital and capital expenditure requirements and to refinance debt.
Fraser and Neave is a beverage conglomerate based in Singapore.
| Issuer: | F&N Treasury Pte. Ltd.
|
| Guarantor: | Fraser and Neave, Ltd.
|
| Issue: | Notes, series 15
|
| Amount: | S$200 million
|
| Maturity: | Aug. 22, 2022
|
| Dealer: | DBS Bank Ltd.
|
| Coupon: | 2.8%
|
| Call option: | In whole or in part on any interest payment date prior to maturity at make-whole amount
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 22
|
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