By Aleesia Forni
Columbus, Ohio, Dec. 4 - Keppel Land Ltd. priced a $250 million issue of 3.259% notes due 2019 at par on Tuesday, according to a company news release.
Australia and New Zealand Banking Group Ltd., Credit Suisse (Singapore) Ltd., DBS Bank Ltd. and Standard Chartered Bank acted as joint lead managers and bookrunners.
Proceeds will be used to refinance existing debt, to finance potential acquisition opportunities and for general corporate and working capital purposes.
Keppel Land is the property development arm of the Singapore-based Keppel Group conglomerate.
Issuer: | Keppel Land Financial Services Pte. Ltd.
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Guarantor: | Keppel Land Ltd.
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Issue: | Notes
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Amount: | $250 million
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Maturity: | Dec. 11, 2019
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Bookrunners: | Australia and New Zealand Banking Group Ltd., Credit Suisse (Singapore) Ltd., DBS Bank Ltd., Standard Chartered Bank
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Coupon: | 3.259%
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Price: | Par
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Yield: | 3.259%
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Trade date: | Dec. 4
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Settlement date: | Dec. 11
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