Corporate digest

Keppel Infrastructure Trust

THE dispute between Keppel Infrastructure Trust's Basslink unit and a business owned by the Australian state of Tasmania has gone into arbitration, the company and the trust manager said in separate statements on Monday. (see amendment note)

The manager warned last month that it risked a project financing default if lenders do not consent to Basslink issuing a notice of dispute. It has now said that a related entity is still working to get that consent.

Still, the board said that the update is not expected to have any material financial impact on the net tangible assets and distribution per unit of the trust for th…