Keppel Infrastructure Trust has priced S$250 million notes due 2027 at 4.11 percent, the trust said in a filing to SGX Tuesday.
The announcement confirmed a Shenton Wire article.
The net proceeds will be used to refinance borrowings, finance general working capital purposes and/or capital expenditure, and/or financing or refinancing acquisitions and/or investments and any asset enhancement works, the filing said.
Keppel Infrastructure Trust said the notes are expected to be issue don 5 May.
The joint lead managers of the notes are CIMB’s Singapore branch, DBS Bank, HSBC’s Singapore branch and UOB, the filing said.
The notes will be issued as series 004 under the trust’s S$2 billion multicurrency debt issuance program, the filing said.