By Christine Van Dusen
Atlanta, March 26 - Singapore's Keppel Corp. Ltd. - via wholly owned subsidiary Keppel GMTN Pte. Ltd. - sold $200 million seven-year floating-rate notes at par to yield Libor plus 89 basis points, a market source said.
Mizuho Securities Asia Ltd. was the bookrunner for the Regulation S deal.
The notes include a make-whole call.
The proceeds will be used for general corporate purposes, to fund investments and for working capital.
Keppel is a Singapore-based offshore and marine infrastructure and investment company.
| Issuer: | Keppel GMTN Pte. Ltd.
|
| Amount: | $200 million
|
| Maturity: | April 5, 2020
|
| Description: | Floating-rate notes
|
| Bookrunners: | Mizuho Securities Asia Ltd.
|
| Coupon: | Libor plus 89 bps
|
| Price: | Par
|
| Yield: | Libor plus 89 bps
|
| Call features: | Make-whole call
|
| Trade date: | March 26
|
| Settlement date: | April 5
|
| Distribution: | Regulation S
|
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