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Keppel REIT ( (SG:K71U) ) has issued an update.
Keppel REIT has announced the pricing of its S$300 million 3.78% subordinated perpetual securities under its S$2 billion multicurrency debt issuance program. The proceeds from this issuance will be used to refinance existing borrowings, including the redemption of previously issued securities, and the securities will be listed on the Singapore Exchange. This move is expected to strengthen Keppel REIT’s financial position and provide flexibility in managing its debt obligations.
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, primarily focused on investing in a portfolio of income-producing commercial properties. It operates under a multicurrency debt issuance program and is managed by Keppel REIT Management Limited.
Average Trading Volume: 5,339,943
Technical Sentiment Signal: Buy
Current Market Cap: S$3.69B
Find detailed analytics on K71U stock on TipRanks’ Stock Analysis page.