Corporate digest
Add BT as a preferred sourceKeppel Corp
KEPPEL Corp has priced eight billion yen (S$98.7 million) in notes due 2027 at 0.99 per cent per annum, the conglomerate announced in a regulatory filing on Wednesday evening.
The notes are expected to be issued on or around Sept 29, under the company's US$5 billion multi-currency medium-term note programme.
Net proceeds from the notes issue will be used for general corporate and working capital purposes, including the refinancing of existing debts.
Mizuho Securities Asia is the appointed dealer for the notes.
Shares of Keppel closed at S$5.18, down 1.5 per cent or S$0.08 on Wednesday.
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Oxley Holdings
THE property developer announced in a bourse filing on Tuesday that it has divested its land parcels in Sydney, Australia, for S$96.3 million, above its book value of S$60 million as at June 30, 2020.
The freehold site is at 173-177 Walker Street in the North Sydney central business district, the company said. The value of the land appreciated in 2018 when approval was granted to increase the plot's maximum height, floor and space ratio, among other parameters that were granted.
Oxley Holdings expects the sale to contribute positively to its cashflow, as there is no outstanding bank loan secured by the asset.
The deal is also expected to have a material impact on the group's expected earnings per share for the financial year ending June 30, 2022. Shares of Oxley Holdings closed up 2.5 per cent or S$0.005 at S$0.205 on Wednesday.
Penguin International
MAINBOARD-LISTED Penguin International was awarded a contract by Royal Dutch Shell to design, build, own and operate at least three fully-electric ferries. It will be the first fully-electric ferry service in Singapore and a first for Shell globally as well.
In a bourse filing on Wednesday, the shipbuilder said that the 200-seater, single-deck ferries are expected to set sail in the first half of 2023. They will ferry 3,000 passengers between mainland Singapore and Shell's energy and chemicals park on Bukom Island.
The fully-electric ferries are expected to replace the existing diesel-powered ferries now in use.
The company does not expect the contract to have a material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the financial year ending Dec 31.
Penguin International shares closed flat at S$0.655 on Wednesday.
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