APB issues S$40 million fixed rate notes

Asia Pacific Breweries Limited today announced that it has issued a second series of Notes of S$40 million.

The notes bear a fixed interest rate of 4.00% per annum payable semi-annually in arrear and are are issued under APB's S$1 billion Multicurrency Medium Term Note Programme.

The notes are expected to mature on 7 January 2022. APB intends to use the net proceeds from the issue of the Series 2 Notes for general corporate purposes of APB and its subsidiaries, which may include its attempt to acquire the Grande Brasserie de Nouvelle Caledonie S.A, Multi Bintang Indonesia Tbk and the Bintang brand as it earlier announced in December last year.

Mr Roland Pirmez, Chief Executive Officer, APB said, " The funding from the debt capital market will serve as valuable resources for the Group and our regional operations as we forge ahead for further growth. Moving forward, we shall continue to leverage the S$1 billion MTN programme which we established last year and issue Notes of various tenors to tap the demand for alternative investments."