Keppel (SG:K71U) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Keppel REIT has secured a substantial Loan Facility, guaranteed by HSBC Institutional Trust Services (Singapore), which is conditional upon maintaining Keppel Capital Holdings or Keppel Ltd. as the manager. If a Review Event occurs, where a new manager is not appointed as stipulated, the lender may demand full repayment within 15 business days. Currently, the Review Event has not taken place, and Keppel REIT’s total facilities at risk in such an event amount to approximately S$2.687 billion.
For further insights into SG:K71U stock, check out TipRanks’ Stock Analysis page.