Keppel DC REIT announced that its wholly-owned subsidiary, Keppel DC REIT MTN Pte. Ltd., has priced €50 million of floating rate notes due 2031 under its 2.0 billion Singapore dollars multicurrency debt issuance programme. The notes will be unconditionally and irrevocably guaranteed by Perpetual (Asia) Limited in its capacity as trustee of Keppel DC REIT.

Mizuho Securities Asia Limited is acting as the sole dealer and bookrunner for the Series 006 Notes, which will be issued at 100 percent of par in denominations of €100,000. Interest will be paid quarterly at the prevailing three-month EURIBOR plus an agreed spread.

The notes are expected to be issued on Feb, 20 2026 and to mature on Feb, 20 2031, unless redeemed or purchased and cancelled earlier in accordance with their terms.

Net proceeds, after deducting issue expenses, will be used for general corporate purposes, including the refinancing of existing indebtedness of the group.

The documentation includes an event-of-default clause that would be triggered if the current manager of Keppel DC REIT is removed and a replacement is not appointed as stipulated in the trust deed. A breach of this clause could trigger cross defaults affecting approximately 3,220.8 million Singapore dollars of the group’s facilities and debt issues. The manager said no such breach has occurred to date.