Keppel Reit to issue S$150m 3.15% fixed-rate perps
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KEPPEL Reit's trustee has priced S$150 million of fixed-rate subordinated perpetual securities at 3.15 per cent, the real estate investment trust (Reit) manager announced late on Monday night.
Net proceeds from this issue after deducting expenses will be used to refinance the trustee's existing S$150 million, 4.98 per cent subordinated perps.
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