Keppel Land prices S$280m of 2% notes due 2026
KEPPEL Land, a wholly-owned subsidiary of Keppel Corporation, has priced S$280 million of 2 per cent notes due 2026, issued under its US$3 billion multi-currency medium-term note programme.
The notes will be issued at a price of 100 per cent of the principal amount and in denominations of S$250,000, with interest of 2 per cent per annum, payable semi-annually in arrear.
The net proceeds arising from the issue of the notes will be used for the refinancing of existing debts, financing of potential acquisition opportunities or for general corporate and working capital purposes.
The notes are expected to be issued on May 28, 2021 and are expected to mature on May 28, 2026, unless previously redeemed or purchased and cancelled in accordance with their relevant terms and conditions.
UOB has been appointed as the sole lead manager for the issue of the notes.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes