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Keppel REIT prices $100m perpetual securities

This will be allocated for financing or refinancing acquisitions, investments, asset enhancements, or interests of the REIT.

Keppel REIT Management Limited recently priced its offering of $100m subordinated perpetual securities at 3.28% issued by Keppel’s trustee HSBC Institutional Trust Services Limited.  

The series 010 securities are expected to be issued on 27 November 2025 and will be issued at an issue price of 100% of the principal amount and in denominations of $250,000, which will be perpetual and will have no fixed final redemption date, Keppel said in a bourse filing.

The net proceeds from the issue of the securities, after the deduction of issue expenses, will be used by the firm’s trustee towards financing or refinancing acquisitions, investments, asset enhancements, or interests of the REIT, it added.

DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited have been appointed as joint lead managers and bookrunners of the offering of the securities.
 

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