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Keppel REIT adjusts conversion price on 1.9% convertibles due 2024
By William Gullotti
Buffalo, N.Y., Jan. 25 – Keppel REIT announced an adjustment to the conversion price of its S$200 million 1.9% convertible bonds due 2024, according to a notice.
The conversion price will be lowered to S$1.3494 from S$1.3887 per unit.
The new conversion price will take effect on March 1.
The adjustment is in connection with the Feb. 4 distribution of S$0.0288 per unit declared for the period from July 1, 2021 to Dec. 31.
Keppel is a Singapore-based real estate investment trust.
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