COMMERCIAL PROPERTY | Staff Reporter, Singapore

Keppel Land issues $150m 2.68% bonds due 2023

Funds raised from the bonds will be used for general corporate purposes.

Keppel Corporation Limited's subsidiary Keppel Land Limited issued $150m of 2.68% bonds that are due 2023.

According to an announcement, the notes are issued at an issue price of 100% of the principal amount and in denominations of $250,000.

The notes are unlisted and will bear interest at a fixed rate of 2.68% per annum, payable semi-annually in arrear.

The notes are under Keppel Land's US$3b multicurrency medium term note programme.

The net proceeds arising from the issue of the notes will be used by the Keppel Land for its general corporate purposes. 

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