Keppel REIT prices A$50m green notes due 2027

It will issue the notes in denominations of A$250,000.

Keppel REIT has priced its A$50m floating rate green notes due 19 November 2027.

The REIT will issue the notes on 19 November at an issue price of 100% of their principal amount in denominations of A$250,000.

The notes bear a quarterly payable interest, calculated at a floating rate linked to the Bank Bill Swap reference rate (BBSW) with an agreed spread.

Keppel REIT will issue the notes under its $1b Multicurrency Debt Issuance Programme.

The REIT will use the net proceeds from the notes issuance to refinance projects eligible under the Keppel REIT’s green financing framework.

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