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Keppel REIT ( (SG:K71U) ) has provided an announcement.
Keppel REIT has announced the issuance of S$300 million in subordinated perpetual securities with a 3.78% interest rate under its S$2 billion multicurrency debt issuance programme. These securities have received approval-in-principle for listing on the Singapore Exchange, which is expected to enhance the company’s financial flexibility and market presence.
The most recent analyst rating on (SG:K71U) stock is a Hold with a S$0.90 price target. To see the full list of analyst forecasts on Keppel REIT stock, see the SG:K71U Stock Forecast page.
More about Keppel REIT
Keppel REIT is a real estate investment trust based in Singapore, focusing on commercial properties. It operates under a multicurrency debt issuance programme to manage its financial strategies and investments.
YTD Price Performance: 16.28%
Average Trading Volume: 6,347,853
Technical Sentiment Signal: Buy
Current Market Cap: S$3.69B
For detailed information about K71U stock, go to TipRanks’ Stock Analysis page.