By William Gullotti
Buffalo, N.Y., May 20 – Keppel Land Ltd. priced S$280 million of 2% notes due May 28, 2026 at par, according to a company announcement.
United Overseas Bank Ltd. is the lead manager.
The notes will be issued under the company’s $3 billion multicurrency medium-term note program.
Proceeds will be used for the refinancing of existing debts, financing of potential acquisition opportunities and/or for general corporate and working capital purposes.
Keppel Land Ltd. is a subsidiary of Keppel Corp. Ltd., a Singapore-based company specializing in marine, property and infrastructure businesses.
| Issuer: | Keppel Land Ltd.
|
| Issue: | Notes
|
| Amount: | S$280 million
|
| Maturity: | May 28, 2026
|
| Managers: | United Overseas Bank Ltd.
|
| Coupon: | 2%
|
| Price: | Par
|
| Yield: | 2%
|
| Pricing date: | May 20
|
| Settlement date: | May 28
|
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