Keppel prices 8 billion yen notes due 2027

Singapore five-dollar note Photo by Leslie Shaffer

Keppel Corp. has priced an issue of 8 billion yen notes due 2027 at 0.99 percent, the company said in a filing to SGX Wednesday.

The net proceeds will be used for general corporate and working capital purposes, including refinancing of existing debts, Keppel said.

The notes, which are expected to be issued on or around 29 September, will be unconditional, unsecured obligations, ranking in line with the company’s other obligations, other than subordinated obligations and legal priorities, the filing said.

Mizuho Securities Asia was appointed as dealer for the notes, the filing said.

The notes will be issued under Keppel’s US$5 billion multi-currency medium-term note program, the filing said.