To raise operating funds, F & N issued notes worth a total of 125 million yuan | Lianhe Zaobao
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F & N (Fraser and Neave) plans to issue notes with a total value of SGD 125 million, with an annual coupon rate of 2.6%. The notes will be issued by its wholly-owned subsidiary F&N Treasury and are part of a SGD 2 billion multi-currency loan issuance program. The notes will be issued on January 20 and are expected to mature in 2033, with a face value of SGD 250,000, paying interest semi-annually. United Overseas Bank will act as the underwriter, and the net proceeds will be used for working capital and capital expenditures, as well as refinancing
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