, Singapore

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."

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.