Corporate digest

Keppel Reit

KEPPEL Reit intends to issue convertible bonds with a five-year maturity, convertible into new ordinary units in the capital of Keppel Reit with an aggregate principal amount of S$200 million. It may issue additional convertible bonds to raise additional proceeds of up to S$50.0 million, such that the total gross proceeds of the issue will be up to S$250.0 million.

The closing date for the issue is currently expected to be on or about April 10, 2019. Proceeds will be used to refinance existing debt and/or fund any potential acquisition.