Keppel Corp prices $250m notes at 2.25%

Proceeds will be used for general corporate or working capital purposes.

Keppel Corporation has priced the issue of $250m notes due 2025, bearing interest at a fixed rate of 2.25% per annum, a local bourse filing revealed.

The notes are payable semi-annually in arrear and have a tenor of five (5) years. DBS Bank has been appointed as the sole lead manager of the notes.

Keppel Corp stated that net proceeds will be used for general corporate or working capital purposes, including refinancing of existing loans.

The notes are expected to be issued on or about 20 April, and will be listed on the SGX-ST on or about the following business day after such issue.

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