Fraser and Neave is to launch a loan facility. The Singaporean beverages company announced today that it has entered into a transferable term loan facility agreement for S$300m (US$174m) over five years.

The loan has been arranged by Credit Agricole Indosuez, Oversea-Chinese Banking Corporation and Standard Chartered Bank. The facility will replace the company's existing borrowings which are due for repayment later this month.