Keppel Corp has priced the issue of its $200 million notes due 2023.
The notes, issued under the US$3 billion ($4.2 billion) multi-currency medium-term note programme, will bear interest at a fixed rate of 3.725% a year. It will be payable semi-annually in arrears and will have a tenor of eight years.
Net proceeds from the issuance will be used for the refinancing of existing loans and for general corporate and working capital requirements,says Keppel.
The notes are expected to be issued on or about Nov 30, and listed on the SGX the following business day.
Keppel shares closed 0.3% lower at $6.69 on Monday.
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The notes, issued under the US$3 billion ($4.2 billion) multi-currency medium-term note programme, will bear interest at a fixed rate of 3.725% a year. It will be payable semi-annually in arrears and will have a tenor of eight years.
Net proceeds from the issuance will be used for the refinancing of existing loans and for general corporate and working capital requirements,says Keppel.
The notes are expected to be issued on or about Nov 30, and listed on the SGX the following business day.
Keppel shares closed 0.3% lower at $6.69 on Monday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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