Keppel Corp to issue $200m notes due 2026

It is expected to be issued on or about 1 October.

Keppel Corporation will issue $200m worth of notes due 2026 as part of its US$5b multicurrency medium term note programme, an SGX filing revealed.

The notes will bear interest at a fixed rate of 3% per annum, payable semi-annually in arrear and have a tenor of seven years.

Net proceeds from the issue of the notes will be used for general corporate or working capital purposes. Application will be made to SGX-ST for permission to deal in the notes. Such permission will be granted when the Notes have been admitted to the Official List of the SGX-ST.

It is expected to be issued on or about 1 October and are expected to be listed on the SGX-ST on or about the following business day after such issue.

Oversea-Chinese Banking Corporation (OCBC) has been appointed as the sole dealer of the said notes.

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