Keppel prices $98m notes at 0.99%

Mizuho Securities Asia Limited will be the notes dealer.

Keppel Corporation announced via a press release that pricing of ¥8b (approximately S$98.2) notes at 0.99% will be issued, due 2027.

These notes will be covered under the company’s limited $6.76b (US$5b) programme. Interest at a fixed rate of 0.99% per annum, payable semi-annually, and a tenor of six years will be applied.

Mizuho Securities has been appointed as the dealer for the notes.

Net proceeds from the issuance will be used by the group for general corporate and working capital purposes. These are expected to be issued by 29 September 2021.

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