Keppel REIT will issue S$75.0 million of 3.275% notes due April 8, 2024, under its S$1.00 billion multicurrency debt issuance program.
The bonds, which will be issued April 6 in denominations of S$250,000, are priced at 100% of the principal amount. The net proceeds from the issuance will be used to refinance Keppel REIT's borrowings.
DBS Bank Ltd. is the sole dealer and book runner for the issue.
As of March 30, US$1 was equivalent to S$1.39