Yahoo Finance Keppel DC REIT prices $71 mil notes under $2 bil debt issuance programme
Keppel DC REIT prices $71 mil notes under $2 bil debt issuance programme
Keppel DC REIT Management AJBU has priced EUR50 million ($71.97 million) worth of notes, or “Series 004 Notes” under its $2 billion Multicurrency Debt Issuance Programme.
The notes will be issued at a price of 100% of the principal amount, and will be in denominations of EUR100,000 or higher denominations of EUR1,000. Interest on the notes will be payable quarterly.
The notes will bear interest at the prevailing three-month Euro Interbank Offered Rate (EURIBOR) with respect to the relevant interest payment date plus an agreed spread.
The notes will be issued on April 4, 2023, and will mature on April 4, 2030. They are unconditionally and irrevocably guaranteed by Keppel DC REIT MTN, a wholly-owned subsidiary of Perpetual (Asia) Limited.
The net proceeds from the issue of the Series 004 Notes after deducting issue expenses will be applied towards general corporate purposes including refinancing existing indebtedness of Keppel DC REIT and its subsidiaries.
Should there be a change in management where a substitute is not appointed in accordance with the terms of the Keppel DC REIT Trust Deed, it may incur a facilities and debt fee of over $2 billion. As at the date of this announcement, there has not been a breach of the condition described above.
Mizuho Securities Asia Limited has been appointed as the sole dealer and bookrunner for the issue of the Series 004 Notes
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