Keppel DC REIT prices EUR75 million notes due 2028

Euro coinsPhoto by Leslie Shaffer

Keppel DC REIT has priced EUR75 million fixed-rate notes due 2028 at 2.61 percent, the REIT said in a filing to SGX Tuesday.

The net proceeds of the issuance will be used for general corporate purposes, including refinancing existing indebtedness of the REIT, the filing said.

DBS Bank is the sole dealer and bookrunner for the notes, the filing said.

The notes will be issued as series 003 under the REIT’s S$2 billion multicurrency debt issuance program, the filing said.