By Marisa Wong
Morgantown, W.Va., Feb. 20 – Keppel DC REIT announced that Keppel DC REIT MTN Pte. Ltd. priced €50 million of floating-rate notes due 2026.
Keppel DC REIT MTN is a wholly owned subsidiary of Perpetual (Asia) Ltd., the trustee of Keppel DC REIT and the guarantor of the notes.
The notes will be issued at par with a coupon equal to Euribor plus 90 basis points.
United Overseas Bank Ltd. is the dealer and bookrunner.
This is the second series of notes to be issued under the company’s S$500 million multicurrency medium-term note program established in June 2017. The company issued the first series, totaling €50 million, in April 2018.
Proceeds will be used to finance acquisitions or investments, for general working capital purposes and for capital expenditure requirements.
The Singapore real estate investment trust invests in assets primarily for data center purposes.
| Issuer: | Keppel DC REIT MTN Pte. Ltd.
|
| Guarantor: | Perpetual (Asia) Ltd.
|
| Issue: | Medium-term notes, series 002
|
| Amount: | €50 million
|
| Maturity: | Feb. 28, 2026
|
| Bookrunner: | United Overseas Bank Ltd.
|
| Coupon: | Euribor plus 90 bps
|
| Price: | Par
|
| Yield: | Euribor plus 90 bps
|
| Announcement date: | Feb. 20
|
| Settlement date: | Feb. 28
|
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