By Jennifer Chiou
New York, Oct. 1 - Asia Pacific Breweries Ltd. announced the issue of a first series of S$100 million of 3.55% notes under its S$1 billion multicurrency medium-term note program.
The company added that the offering was more than two times oversubscribed.
The notes were issued at par of S$250,000 and will mature on Oct. 1, 2014.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. were the dealers.
The note program was established on April 9.
Proceeds will be used to refinance existing short-term debt and to provide working capital.
The company added that approval in-principle has been obtained for the listing of the notes on the Singapore Exchange Securities Trading Ltd.
Asia Pacific Breweries has breweries in Singapore, Malaysia, Thailand, Vietnam, Cambodia, China, New Zealand, Papua New Guinea, India and Sri Lanka.
| Issuer: | Asia Pacific Breweries Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | S$100 million
|
| Maturity: | Oct. 1, 2014
|
| Coupon: | 3.55%
|
| Price: | Par of S$250,000
|
| Dealers: | DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd.
|
| Announcement date: | Oct. 1
|
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