Keppel REIT bondholders exercise put option for redeeming $146.5m in bonds

The bonds represent 73.25% of the overall $200m in bonds. 

Holders who hold a collective $146.5m in bonds have exercised their put option for the redeeming of these bonds, according to an announcement by Keppel REIT Management Ltd., manager of Keppel REIT.

The convertible bonds, which were originally part of a $200m issuance at 1.9% due 2024, will be redeemed on 10 April 2022. These redemptions will include their principal amount, plus the interest accumulated up to the current date and will be cancelled after.

Overall, the $146.5m in bonds represents 73.25% of the aggregate amount of $200,000.

These transactions will be funded through existing available loan facilities and are not expected to have any impact on the cash flow of the group. After the deal, the remaining outstanding of the bonds will be at $53.5m, or 26.75% of the original $200,000. 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!