By Rebecca Melvin
Concord, N.H., May 10 – Keppel DC REIT announced that Keppel DC REIT MTN Pte. Ltd. priced €75 million of 2.61% notes due 2028. Keppel DC REIT MTN is a wholly owned subsidiary of Perpetual (Asia) Ltd., the trustee of Keppel DC REIT and the guarantor of the notes.
The notes will be issued at par on May 17 and will mature May 17, 2028.
DBS Bank Ltd. has been appointed as the sole dealer and bookrunner of the series 003 notes, which are being issued under the company’s S$2 billion multicurrency medium-term note program.
Proceeds will be used for general corporate purposes, including refinancing existing debt of Keppel DC REIT and its subsidiaries.
The Singapore real estate investment trust invests in assets primarily for data center purposes.
| Issuer: | Keppel DC REIT MTN Pte. Ltd.
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| Guarantor: | Perpetual (Asia) Ltd.
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| Issue: | Notes, series 003
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| Amount: | €75 million
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| Maturity: | May 17, 2028
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| Bookrunner: | DBS Bank Ltd.
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| Coupon: | 2.61%
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| Price: | Par
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| Yield: | 2.61%
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| Announcement date: | May 10
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| Settlement date: | May 17
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