By Marisa Wong
Madison, Wis., Feb. 7 - Keppel Corp. Ltd. announced that it priced S$400 million of 3.145% fixed-rate notes due 2022.
DBS Bank Ltd. is the bookrunner for the notes.
The notes will be issued under the company's $1.2 billion multicurrency medium-term note program. The program was recently upsized from $600 million.
Proceeds will be used to fund investments and for general corporate and working capital purposes.
Keppel is a Singapore-based company focused on offshore and marine property and infrastructure.
| Issuer: | Keppel Corp. Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$400 million
|
| Maturity: | 2022
|
| Coupon: | 3.145%
|
| Bookrunner: | DBS Bank Ltd.
|
| Announcement date: | Feb. 7
|
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