Published:
Keppel Land unveils US$3b note program
It's stretching for more financial flexibility.
According to OCBC, Keppel Land announced that it has established a US3bn Multicurrency Medium Term Note Program.
Here's more from OCBC:
As of end Sep 12, KPLD’s net gearing is a healthy 21% and we see this program adding significant incremental financial flexibility to its balance sheet, particularly as the group continues to look into allocating capital into accretive land acquisitions.
That said, we continue to see limited catalysts for the share price ahead given limited visibility for major launches and MBFC T3 divestment over the near term.
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