135 views

Keppel REIT trustee to issue 3.15% perpetual securities at $150m

They will be issued on 11 September.

RBC Investor Services Trust, as trustee of Keppel REIT Management, has priced its offering of $150m 3.15% fixed-rate subordinated perpetual securities, a bourse filing revealed.

The securities are expected to be issued on 11 September and are to be listed on the SGX on or about 14 September. They will be issued in denominations of $250,000 or its multiples, and will have no fixed final redemption date.

The Series 004 Securities will confer a right to receive distribution payments at a fixed rate of 3.15% per annum, payable semi-annually in arrear, from and including the issue date to, but excluding 11 September 2025.

OCBC has been appointed as the sole lead manager and bookrunner of the securities.

Net proceeds from this issue will be used to refinance the trustee's existing $150m 4.98% subordinated perpetual securities.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.