Deals this week: F&N Treasury, Joy Wing Mau, Tate & Lyle
Fraser and Neave subsidiary F&N Treasury intends to raise C$160m ($114.09m) through private placement of notes in order to fund its working capital and capex requirements, as well as repay part of debts owed by the parent company, its affiliates and associated companies.
Due 2022, the notes will carry an interest rate of 3.09% a year.
Based in Singapore, the parent company produces and distributes beer, soft drinks and dairy products, and is also engaged in other activities such as printing, publishing and packaging.
Joy Wing Mau and fruit company Capespan have announced a joint venture (JV) named Joy Wing Mau Asia, which will create a unique value proposition to the suppliers and customers of the two partners.
Suppliers will have the option to supply fruits to either the JV or through Capespan.
Food ingredients company Tate & Lyle has announced a distribution partnership with Sweet Green Fields, a stevia ingredients company.
To be effective from 3 April, Tate & Lyle will distribute Sweet Green Fields’ stevia products and solutions to customers worldwide under the partnership.