Keppel REIT Prices SG$200 Million Worth of Bonds

MT Newswires

08/10

Keppel REIT (SGX:K71U) has priced SG$200 million worth of 2.60% bonds due 2033 under its SG$2 billion multicurrency debt issuance program, according to a Friday filing with the Singapore Exchange.

United Overseas Bank has been appointed as the sole lead manager and bookrunner for the offering of the Series 011 bonds, which are expected to be issued on Aug. 17.

Net proceeds from the issue will be used towards refinancing the REIT's and its subsidiaries borrowings.

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