KEPPEL Corporation has issued $300 million worth of 30-year
senior unsecured fixed rate notes, breaking ranks with corporate-bond
issuers before it with its longer-dated maturity.
The notes will pay out 4 per cent a year through semi-annual coupons. Keppel has a call option to redeem this tranche of 30-year notes at par 20 years after their issue date and at every coupon payment date thereafter, according to terms seen by BT.
This is the third issue in Keppel's $3 billion multi-currency medium-term note programme after two in February and April.
The most recent drawdown in April saw Keppel's $300 million 15-year offering carrying a 3.8 per cent coupon.
The notes will pay out 4 per cent a year through semi-annual coupons. Keppel has a call option to redeem this tranche of 30-year notes at par 20 years after their issue date and at every coupon payment date thereafter, according to terms seen by BT.
This is the third issue in Keppel's $3 billion multi-currency medium-term note programme after two in February and April.
The most recent drawdown in April saw Keppel's $300 million 15-year offering carrying a 3.8 per cent coupon.
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