Mizuho Securities Asia has been appointed as dealer for the Series 017 Notes, which are expected to be issued on or about May 8.
Net proceeds from the issue will be used by Keppel for general corporate and working capital purposes.
Keppel may, on giving not less than 30 days’ prior notice to the Noteholders, redeem all or some of the Series 017 Notes at par, together with interest accrued to but excluding the date fixed for redemption on each interest payment date falling on or after May 8, 2028.
Shares in Keppel closed 2 cents lower or 0.29% down at $6.84 on April 26.
