Keppel Infrastructure Trust secures S$50m loan facility
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%