The notes will be issued at an issue price of 100% and in denominations of $250,000.
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United Overseas Bank Limited (UOB) has been appointed as the sole lead manager for the issue of the notes.
The net proceeds of the notes will be used by Keppel Land and its subsidiaries for the refinancing of existing debts, financing potential acquisition opportunities and, or for Keppel Land’s general corporate and working capital purposes.
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Shares in Keppel closed 1 cent higher or 0.2% up at $5.20 on May 20.
