The S$150 million notes will bear interest at a fixed rate of 3 per cent per year, payable semi-annually in arrear and have a tenor of five years.The S$350 million notes will bear interest at a fixed rate of 3.66 per cent per year, payable semi-annually in arrear and have a tenor of 10 years.
The notes will constitute direct, unconditional and unsecured obligations of Keppel Corp, and at all times rank pari passu, without any preference or priority among themselves. They will also rank pari passu with all other present and future unsecured obligations of the company, other than subordinated obligations and priorities created by law.Keppel Corp shares closed down 16 Singapore cents or 2.3 per cent to S$6.79 on Monday.
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