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BUILDING & ENGINEERING, MARKETS & INVESTING | Staff Reporter, Singapore
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Keppel Infrastructure Trust launches $1b multicurrency debt programme

The proceeds will be used to finance acquisitions and asset enhancement works amongst others.

Keppel Infrastructure Trust (KIT) has established a $1b Multicurrency Debt Issuance programme, an announcement by Keppel Infrastructure Fund Management (KIFM) revealed. 

Also read: Keppel Infrastructure Trust raises placement and preferential offering proceeds by 11% to $500.8m

Under the programme, KIFM may from “time to time” issue securities denominated in SGD, USD or such other currency agreed between the firm and the relevant dealer.

The net proceeds will be used towards financing or refinancing acquisitions and/or investments of KIT and its subsidiaries as well as any asset enhancement works of the group, financing the general working capital purposes and/or capital expenditure requirements of the group, refinancing borrowings or other purposes.

Also read: Keppel Infrastructure Trust sinks into the red with $16.21m loss in Q1 2019

An application has been made to the Singapore Exchange Securities Trading (SGX-ST) for permission to deal in and the listing and quotation of any securities which are agreed at the time of issue to be so listed on the SGX-ST.

DBS Bank and Oversea-Chinese Banking Corporation (OCBC) have been appointed as joint arrangers and dealers of the programme. 

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