Keppel DC REIT said on Wednesday it priced 50 million euros (S$76.63 million or US$56.70 million) of floating rate notes due 2026, to be issued as series 002 under its S$500 million multicurrency medium term note program.
The net proceeds will be used for financing or refinancing acquisitions and/or investments and/or general working capital and capital expenditure, the REIT said.
The series 002 notes will be issued at 100 percent of their principal amount and in denominations of 100,000 euros or higher denominations of 1,000 euros, it said in a filing to SGX after the market close on Wednesday.
The interest rate on the notes will be at the three-month EURIBOR on the interest payment date, plus a spread of 0.90 percent a year, Keppel DC REIT said.
The notes are expected to be issued on 28 February, with a maturity date of 28 February 2026, it said.
United Overseas Bank was appointed as the sole dealer and bookrunner for the series 002 notes, the filing said.