By Mary-Katherine Stinson
Lexington, Ky., Nov. 7 – Keppel REIT Management Ltd. priced S$200 million of 3.72% notes due Nov. 15, 2026, according to an announcement.
The series 006 notes are issued under the S$1 billion multicurrency debt issuance program established by Keppel REIT MTN Pte. Ltd. and RBC Investor Services Trust Singapore Ltd.
DBS Bank Ltd. is the sole lead manager and bookrunner for the offering.
The Regulation S notes have an expected issue date of Nov. 15.
The series 006 notes contain a condition where a default may occur if the Keppel REIT manager is removed, and the replacement or substitute manager is not appointed in accordance with the terms of the trust deed.
According to the notice, proceeds will be used for financing acquisitions and/or investments, on-lending to any trust, fund or entity which the Keppel REIT trustee has an interest, financing the general working capital purposes of and refinancing borrowings of Keppel REIT and its subsidiaries.
Keppel REIT is a Singapore-based real estate investment trust.
| Issuer: | Keppel REIT MTN Pte. Ltd.
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| Amount: | S$200 million
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| Issue: | Series 006 notes
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| Maturity: | Nov. 15, 2026
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| Bookrunner: | DBS Bank Ltd.
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| Coupon: | 3.72%
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| Price: | Par
|
| Yield: | 3.72%
|
| Pricing date: | Nov. 7
|
| Issue date: | Nov. 15
|
| Distribution: | Regulation S
|
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