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Fraser & Neave ( (SG:F99) ) has issued an update.
Fraser and Neave’s financing arm, F&N Treasury Pte. Ltd., has priced S$125 million of 2.60 per cent. notes due 2033 under the group’s S$2 billion multicurrency debt issuance programme, with the notes unconditionally and irrevocably guaranteed by the parent company. The issue, led by United Overseas Bank as dealer and to be listed on the Singapore Exchange, will support the group’s working capital, capital expenditure and debt refinancing needs, underscoring F&N’s continued reliance on fixed-rate, capital markets funding to manage its balance sheet and liquidity profile.
The most recent analyst rating on (SG:F99) stock is a Buy with a S$1.50 price target. To see the full list of analyst forecasts on Fraser & Neave stock, see the SG:F99 Stock Forecast page.
More about Fraser & Neave
Fraser and Neave, Limited is a Singapore-incorporated conglomerate with operations funded in part through a S$2 billion multicurrency debt issuance programme, tapping capital markets via its wholly owned financing vehicle F&N Treasury Pte. Ltd.
Average Trading Volume: 54,688
Technical Sentiment Signal: Buy
Current Market Cap: S$2.17B
See more data about F99 stock on TipRanks’ Stock Analysis page.