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Keppel Infrastructure Trust secures S$50m loan facility

Tuesday, June 28, 2016 - 08:29

KEPPEL Infrastructure Trust (KIT) has secured a S$50 million multicurrency money market line, its trustee-manager Keppel Infrastructure Fund Management (KIFM) announced on Tuesday.

Under the terms and conditions of the loan facility obtained by KIFM, the lender may cancel the commitments or declare the outstanding loans payable if KIFM ceases to be wholly owned by Keppel Corp.

KIT units closed at 48.5 Singapore cents on Monday, after shedding 0.5 Singapore cents or one per cent.