SGX lists Fraser & Neave's $300mn bonds to retail market

F&N issued $220mn of five-year bonds and $80mn of seven-year bonds in SGX to broaden capital raising avenues and improve the price transparency.

Singapore Exchange (SGX) is pleased to announce the debut on Tuesday of Fraser and Neave’s five- and seven-year bonds on the Mainboard under the stock codes “NU6Z” and “NU7Z” respectively.

Mr Hui Choon Kit, Group Financial Controller of Fraser and Neave, said, "We are pleased with the successful issuance of our first retail bonds despite current market conditions. As a leading Asia Pacific enterprise, F&N is constantly exploring opportunities to expand and diversify our funding sources and indeed, the retail bond market has proven to be a viable avenue for us."

Ms Tng Kwee Lian, Head of Fixed Income at SGX said, “The F&N bonds bring more variety to the suite of fixed income products available for investors to trade. By listing bonds for trading on SGX - the venue of choice for investors seeking access to Asia - companies broaden their capital raising avenues and improve the price transparency of such instruments.”

F&N – a leading Pan Asian consumer group – issued $220 million of five-year bonds and $80 million of seven-year bonds, according to an SGX report.