Keppel DC REIT (SGX:AJBU) priced 50 million euros worth of floating rate bonds due 2031, to be issued under the trust's SG$2 billion multicurrency debt issuance program, according to a Tuesday filing with the Singapore Exchange.

Shares of the REIT were up nearly 2% in Wednesday trading.

The new bonds are expected to be issued on Feb. 20 and will mature on Feb. 20, 2031, unless redeemed or canceled.

Meanwhile, net proceeds from the issue will be used for general corporate purposes, including the refinancing of the REIT's and its subsidiaries' existing indebtedness.

Mizuho Securities Asia was appointed as the sole dealer and bookrunner for the offering.