Keppel bond

Keppel sets corporate benchmark with S$300 million long bond

Keppel Corporation attracts strong domestic demand for the 30-year issue and prices inside the curve.
<div style="text-align: left;">
Keppel’s interests span marine services, property, infrastructure and investment services (AFP) </div>
<div style="text-align: left;"> Keppel’s interests span marine services, property, infrastructure and investment services (AFP) </div>

Singapore’s local bond market continues to develop, creating opportunities for its domestic investor base. In recent years, the government and state investment agency Temasek have extended the yield curve, providing long duration alternatives for insurance companies and pension funds, and setting benchmarks for corporate issuance.

Late on Wednesday, Keppel Corporation, a conglomerate with interests that range across marine services, property, infrastructure and investment services, broke new ground by launching a S$300 million $240 million 30-year bond.

The senior unsecured notes pay a 4% semi-annual coupon and were re-offered at par. The final redemption date is September 7, 2042, but Keppel has the option to call the issue...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222