Keppel prices $190m bond at 1.95%

The notes will be issued on 9 October.

Keppel Ltd. has priced a $190m (CNH1b) offshore yuan bond due 2031 at a fixed rate of 1.95%.

In a regulatory filing, Keppel said the Series 019 Notes will be issued under the company’s existing programme at 100% of their principal amount.

The notes will be issued in denominations of $190.6k (CNH1m) and integral multiples of $1906.27 (CNH10k) above that amount.

The company said the net proceeds will be used for general corporate and working capital purposes.

The notes are expected to be issued on or about 9 October 2026.

DBS Bank, Industrial and Commercial Bank of China’s Singapore branch, Shanghai Pudong Development Bank’s Singapore branch and United Overseas Bank have been appointed joint bookrunners and lead managers for the issue.

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