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Keppel Infrastructure Trust Proposes Issue of SG$200 Million Worth of Bonds

-- Keppel Infrastructure Trust (SGX:A7RU) proposed the issue of SG$200 million worth of 2.80% bonds due 2033 under its SG$3 billion multicurrency debt issuance program, according to a Tuesday filing with the Singapore Exchange.

DBS Bank, Oversea-Chinese Banking Corp. or OCBC (SGX:O39) and United Overseas Bank (SGX:U11) were the joint lead managers of the Series 006 bonds, which will mature on April 28, 2033.

The bonds are expected to be issued on April 28.

Net proceeds from the issue will be used for financing or refinancing acquisitions and investments, asset enhancement, general working capital and for refinancing the borrowings of the group.

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Keppel Infrastructure Trust Proposes Issue of SG$200 Million Worth of Bonds | FINWIRES