By Wendy Van Sickle
Columbus, Ohio, Aug. 28 – Keppel Land Ltd. announced it priced S$150 million of six-year fixed-rate notes at par with an initial coupon of 2.843%.
United Overseas Bank Ltd. is the lead arranger.
The notes will be issued under the company’s S$3 billion multicurrency medium-term note program established in November 2012.
Proceeds will be used to refinance existing debt, to finance acquisitions and for general corporate and working capital requirements.
Keppel Land is a subsidiary of Keppel Corp. Ltd., a Singapore company specializing in marine, property and infrastructure businesses.
| Issuer: | Keppel Land Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$150 million
|
| Maturity: | Sept. 5, 2023
|
| Manager: | United Overseas Bank Ltd.
|
| Coupon: | 2.843%
|
| Price: | Par
|
| Yield: | 2.843%
|
| Pricing date: | Aug. 28
|
| Settlement date: | Sept. 5
|
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