Singapore's Keppel lifts multicurrency MTN program to $3 billion

By Marisa Wong

Madison, Wis., July 11 - Keppel Corp. Ltd. announced that it increased the limit of its multicurrency medium-term note program to $3 billion from $1.2 billion, effective July 11.

The program was previously increased from $600 million in February.

Proceeds from notes issued under the upsized program will be used for general corporate and working capital purposes.

Keppel is a Singapore-based company focused on offshore and marine property and infrastructure.

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