Keppel REIT secures ₩131b revolving credit facility

The facility is HSBC Institutional Trust Services-guaranteed.

Keppel No. 4 General Investors’ Private Real Estate Investment Limited Liability Company (Keppel 4) has secured a ₩131b ($130m) revolving credit facility guaranteed by Keppel REIT's trustee, HSBC Institutional Trust Services.

Keppel No. 4 is a subsidiary of Keppel REIT.

Under the terms of the facility, should Keppel REIT Management resign, retire, or be removed as manager of Keppel REIT, a wholly-owned entity of Keppel Capital Holdings and/or Keppel must replace it.

If this condition is unmet and Keppel No. 4 and the lender cannot agree on revised loan terms, Keppel No. 4 may need to repay all its outstanding loans within 15 days.

If the lender decides to revoke the loan, it will cause a cross-default under other borrowings of the Keppel REIT group, affecting an aggregate level of facilities of $2.7b.

Follow the link for more news on

Keppel REIT

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia