By Marisa Wong
Madison, Wis., Nov. 17 – Keppel Land Ltd. priced S$100 million of 2.83% notes due 2020 at par, according to a notice.
The notes will be issued under Keppel’s $800 million multicurrency medium-term note program established on Jan. 7, 2002.
DBS Bank Ltd. is the lead manager for the issue.
Proceeds will be used for refinancing existing borrowings and for general corporate and working capital requirements.
The notes are expected to be issued on Nov. 24.
Keppel Land is the property-development arm of the Singapore-based Keppel Group conglomerate.
| Issuer: | Keppel Land Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$100 million
|
| Maturity: | Nov. 24, 2020
|
| Coupon: | 2.83%
|
| Price: | Par
|
| Yield: | 2.83%
|
| Manager: | DBS Bank Ltd.
|
| Announcement date: | Nov. 17
|
| Settlement date: | Nov. 24
|
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