Keppel Corp prices ¥8b fixed-rate notes at 0.88%

It is part of Keppel’s US$5b multi-currency medium-term note programme.

Keppel Corporation has priced its $103.6m (JPY8b) fixed-rate notes due 2025 at 0.88%, according to a bourse filing.

The notes will bear interest at a fixed rate of 0.88% per annum, payable semi-annually in arrear and have a tenor of five (5) years.

The notes are part of Keppel’s approximately $6.85b (US$5b) multi-currency medium-term note programme.

Mizuho Securities Asia has been appointed as dealer for the notes.

Proceeds from the issue will be used for general corporate or working capital purposes including refinancing of existing loans, according to Keppel.

The notes are expected to be issued on or about 15 September.