SINGAPORE: Fraser & Neave set to sell bonds - report

By | 7 June 2007

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.

Sectors: Soft drinks, Water

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SINGAPORE: Fraser & Neave set to sell bonds - report

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