Citigroup Global Markets Singapore is the sole arranger and dealer of the updated programme.
The manager of Keppel REIT has announced the completion of the update of the multicurrency debt issuance programme established on Jan 19, 2009 to increase the limit to $2 billion from $1 billion previously.
The updated programme enables both Keppel REIT special purpose vehicle (SPV) and trustee to issue notes, while only the trustee may issue perpetual securities. The securities issued by the trustee will not be guaranteed while the notes issued by the SPV will be unconditionally and irrevocably guaranteed by Keppel REIT.
