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Published on 5/9/2022 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Fraser and Neave settles repurchase of S$100 million 2.8% notes

By Mary-Katherine Stinson

Lexington, Ky., May 9 – Fraser and Neave Ltd. announced that F&N Treasury Pte. Ltd. settled the partial repurchase of S$100 million of its 2.8% series 15 notes due 2022 (ISIN: SG7FG8000001) on May 9, according to a notice on Monday.

The notes were issued by F&N Treasury through the S$2 billion multicurrency debt issuance program of Fraser and Neave Ltd. and F&N Treasury Pte. Ltd. They were guaranteed by Fraser and Neave Ltd.

The repurchased notes will be canceled.

Following the cancellation, S$100 million series 15 notes will be outstanding.

Fraser and Neave is a beverage conglomerate based in Singapore.


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