Bookmark & Share
Keppel noted that the net proceeds from the issue of the notes will be used for general corporate or working capital purposes.
Keppel Corporation is set to issue $200 million worth of notes that are due 2026 under its $5 billion multi-currency medium-term note programme.
In an SGX filing, the company revealed that it has appointed Oversea-Chinese Banking Corporation as the notes’ sole dealer.
With a fixed interest rate of three percent, the notes will have a tenor of seven years and will be payable semi-annually in arrear.
Keppel noted that the net proceeds from the issue of the notes will be used for general corporate or working capital purposes.
“Application will be made to the Singapore Exchange Securities Trading Limited (SGX-ST) for permission to deal in, and for quotation of, the notes. Such permission will be granted when the notes have been admitted to the official list of the SGX-ST,” it said.
Keppel expects the notes to be issued on or about 1 October and to be listed on the SGX-ST on or around the following business day after the issue.
“Admission of the notes to the official list of the SGX-ST and quotation of such notes on the SGX-ST is not to be taken as an indication of the merits of the company, the programme or the notes,” it added.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
Related Articles:
Keppel Capital fund acquires Seoul commercial buildings