Singapore's Keppel launches S$500 million multicurrency MTN program

By Marisa Wong

Madison, Wis., June 29 - Keppel Telecommunications & Transportation Ltd. announced it has established a S$500 million multicurrency medium-term note program.

United Overseas Bank Ltd. is the arranger and dealer of the program. Other dealers include Australia and New Zealand Banking Group Ltd., CIMB Bank Bhd., Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and Standard Chartered Bank.

Under the program, Keppel may issue notes from time to time in Singapore dollars or any other currency. The notes may be issued in tranches of various amounts, tenors and coupons.

Proceeds from any notes offering will be used to fund investments and for general corporate purposes.

Keppel Telecommunications is a subsidiary of Keppel Corp. Ltd., which is a Singapore-based company focused on offshore and marine property and infrastructure. The subsidiary offers services to logistics and data businesses.

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