By Rebecca Melvin
Concord, N.H., June 9 – Fraser and Neave Ltd. announced that wholly owned subsidiary F&N Treasury Pte. Ltd. priced S$100 million of 2% five-year notes guaranteed by the parent company.
The series 16 notes were issued under the company’s S$2 billion multicurrency debt issuance program.
Oversea-Chinese Banking Corp. 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, according to the company’s announcement.
Fraser and Neave is a beverage conglomerate based in Singapore.
| Issuer: | F&N Treasury Pte. Ltd.
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| Guarantor: | Fraser and Neave, Ltd.
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| Issue: | Notes, series 16
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| Amount: | S$100 million
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| Maturity: | June 16, 2026
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| Dealer: | Oversea-Chinese Banking Corp.
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| Coupon: | 2%
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| Call option: | In whole or in part on any interest payment date prior to maturity at make-whole amount
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| Pricing date: | June 9
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| Settlement date: | June 16
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