SINGAPORE: Fraser & Neave set to sell bonds - report
Fraser & Neave is expected to sell S$300m (US$196m) in five-year bonds in the next few weeks, according to reports.
The bonds will be part of a S$2bn multicurrency medium-term note programme and are being marketed to investors with guidance of around 32 basis points above the five-year swap offered rates. The five-year swap offered rate was quoted at 3.31%, according to recent reports from Reuters.
DBS Bank, HSBC, Oversea-Chinese Banking Corp. and Standard Chartered are reportedly advising the company on the deal.
Late last year, Singapore's state investor Temasek Holdings bought a 14.9% stake in F&N.
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