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Keppel REIT prices $200 million notes due 2026

Bryan Wu
Bryan Wu • 1 min read
Keppel REIT prices $200 million notes due 2026
The notes will bear interest at a fixed rate of 3.72% and are expected to be issued on Nov 15. Photo: Keppel Corporation
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Keppel REIT K71U -

has priced the issue of its $200 million notes due 2026 at an issue price of 100% of the principal amount and in denominations of $250,000.

The notes, issued under the $1 billion multi-currency debt issuance programme, will bear interest at a fixed rate of 3.72% a year. It will be payable semi-annually in arrears and will have a tenor of three years.

Net proceeds from the issuance will be used towards the financing or refinancing of acquisitions and investments of Keppel REIT and for general corporate and working capital requirements, says the manager of the REIT.

The notes are expected to be issued on Nov 15.

Units in Keppel REIT closed 1.5 cents down or 1.8% lower at 82 cents on Nov 7.

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