Corporate digest

Keppel Land

KEPPEL Land Limited has, through its indirect subsidiary Ibeworth Pte Ltd, entered into a bond subscription agreement with Vietnamese developer Nam Long Investment Corporation (NLG). Keppel Land will subscribe for 500 billion Vietnamese dong (S$30.4 million) of convertible bonds issued by NLG. These bonds are due to mature in 2020 and come with a coupon rate of 7 per cent per annum. Keppel Land may convert the bonds into ordinary shares of NLG, subject to conversion conditions, at a conversion price of 23,500 dong per share.

Sheng Siong Group