, Singapore

Keppel Land to issue 2.843% notes worth $150m

The notes are due in 2023.

Keppel Land has successfully priced 2.843% notes to $150m that are due in 2023.

According to an announcement, the notes will be issued under the US$3b Multicurrency Medium Term Note Programme.

UOB has been appointed as the lead manager for the issuance of the notes.

Proceeds from the notes will be used to finance payments to existing debts, future acquisitions, or operations.

The notes are expected to be issued on 5 September 2017 and expire in 2023.

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