Keppel prices 8b yen worth of medium-term notes at 0.99%

KEPPEL Corp has priced 8 billion yen (S$98.7 million) in notes due 2027 at 0.99 per cent per annum, it said on Wednesday evening.

The notes are expected to be issued on or around Sept 29, under the conglomerate's US$5 billion multi-currency medium-term note programme.

Net proceeds from the issue of the notes will be used for general corporate and working capital purposes, including the refinancing of existing debts.

Mizuho Securities Asia is the appointed dealer for the notes.

Keppel shares closed down 1.5 per cent or S$0.08 at S$5.18 on Wednesday.