Stocks to watch: Keppel Reit, Paragon Reit, SingPost

THE following companies saw new developments that may affect trading of their securities on Friday (Jun 21):

Keppel Reit : The real estate investment trust has priced A$175 million (S$158 million) of floating rate green notes due 2027. The notes will bear interest at a floating rate based on the Bank Bill Swap reference rate, along with an agreed spread, payable quarterly. Units of Keppel Reit closed S$0.005 or 0.6 per cent lower at S$0.835 on Thursday, before the news.

Paragon Reit : It has entered into a sale-and-purchase agreement for the disposal of The Rail Mall for a cash consideration of S$78.5 million. Proceeds from the sale will be used to pare down outstanding debt obligations, finance potential acquisitions and asset-enhancement initiatives, and/or make distributions to unitholders, said the manager on Thursday. Units of Paragon Reit closed S$0.005 or 0.6 per cent higher at S$0.84, before the announcement.