Keppel Infrastructure Trust establishes S$1 billion debt program

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Keppel Infrastructure Trust said Thursday it established a S$1 billion multicurrency debt issuance program to issue notes and perpetual securities.

Each series or tranche of notes can be issued in various amounts and tenors, and may bear interest at fixed, floating, variable or hybrid rates, KIT said in a filing to SGX.

The net proceeds will be used for financing or refinancing acquisitions and/or investments, asset enhancement works, general working capital purposes and/or capital expenditure, refinancing borrowings or other purposes, the filing said.

DBS Bank and OCBC have been appointed as joint arrangers and dealers of the program, the filing said.

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