By Mary-Katherine Stinson
Lexington, Ky., April 26 – Keppel Corp. Ltd. priced €70 million floating-rate notes due 2031, according to a notice.
The series 017 notes are expected to be issued on or about May 8 under the issuer’s $5 billion multicurrency medium-term note program.
The notes will bear interest at a floating rate based on six-month Euribor plus an agreed spread and have a tenor of seven years.
The company may redeem all or some of the notes at par, together with accrued interest, on each interest payment date, beginning May 8, 2028.
Mizuho Securities Asia Ltd. is the dealer for the offering.
Proceeds will be used for general corporate and working capital requirements.
The Singapore-based conglomerate specializes in offshore and marine, property, infrastructure and asset management.
Issuer: | Keppel Corp. Ltd.
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Amount: | €70 million
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Issue: | Notes, series 017
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Maturity: | 2031
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Lead manager: | Mizuho Securities Asia Ltd.
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Coupon: | Six-month Euribor plus a spread
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Call features: | At par on interest payment date, beginning May 8, 2028
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Announcement date: | April 26
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Issue date: | May 8
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