By Jennifer Chiou
New York, Oct. 12 - Keppel Corp. Ltd. announced the issue of S$500 million of 3.1% fixed-rate notes due 2020 under its $600 million multi-currency medium-term note program.
The joint lead managers are DBS Bank Ltd. and Deutsche Bank AG, Singapore Branch.
Keppel said that it has obtained approval in-principle for the listing of the notes on the Singapore Exchange, which should kick off around Wednesday.
The Singapore-based company focused on offshore and marine property and infrastructure said that net proceeds will be used for general corporate or working capital.
| Issuer: | Keppel Corp. Ltd
|
| Issue: | Fixed-rate notes
|
| Amount: | S$500 million
|
| Coupon: | 3.1%
|
| Maturity: | 2020
|
| Managers: | DBS Bank Ltd. and Deutsche Bank AG, Singapore Branch (joint leads)
|
| Pricing date: | Oct. 12
|
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