Keppel DC REIT MTN, a wholly-owned subsidiary of Keppel DC REIT, and issuer of the multicurrency medium term note programme, has increased the limit of the programme from $500 million to $2 billion.
Perpetual securities have also been added as a security listed under the programme.
The trustee of Keppel DC REIT, Perpetual (Asia), has been added as issuer under the programme.
In the case where Keppel DC REIT MTN is the relevant issuer, it will lend the net proceeds arising from the issue of notes under the amended programme to the trustee of Keppel DC REIT.
The net proceeds of an issuance of the notes or perpetual securities under the programme will go towards financing or refinancing acquisitions or investments that Keppel DC REIT has made.
The proceeds will also go to any development or enhancement works initiated by the trustee or any trust, fund or entity in which the trustee has an interest in.
See also: CICT's manager proposes to acquire ION Orchard at $1.85 billion, subject to EGM
Approval in-principle has been granted by the Singapore Exchange Securities Trading Limited (SGX-ST).
Units in Keppel DC REIT closed flat at $2.76 on Jan 13.
