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Keppel Infrastructure Trust raises debt programme limit to support future funding needs

#International News#Singapore
Last Updated : 24th Apr, 2026
Synopsis

Keppel Infrastructure Trust has increased the limit of its multi-currency debt issuance programme to strengthen its funding flexibility. The revised cap now stands at USD 2.36 billion, up from the earlier limit, enabling the trust to raise capital through notes and perpetual securities in multiple currencies. The move is aimed at supporting acquisitions, refinancing existing borrowings, and funding asset improvements. The programme is being managed with the support of major Singapore-based banks acting as arrangers and dealers, indicating continued institutional backing for the trust’s financing strategy.

Keppel Infrastructure Trust announced that its trustee-manager, Keppel Infrastructure Fund Management Pte Ltd, has increased the limit of its multi-currency debt issuance programme to USD 2.36 billion from USD 1.57 billion. The move expands the trust’s ability to raise funds across different currencies and instruments.


The Singapore-listed infrastructure trust stated that the revised programme will enable the issuance of notes and perpetual securities in Singapore dollars, USD, or other mutually agreed currencies, subject to regulatory approvals and compliance requirements.

Funds raised through future issuances are expected to be used for a range of purposes, including financing or refinancing acquisitions and investments, carrying out asset enhancement initiatives, and addressing general corporate requirements. The proceeds may also be used to refinance existing borrowings within the group, helping optimise its capital structure.

The trust has appointed DBS Bank Ltd and Oversea-Chinese Banking Corporation Limited as arrangers and dealers for the programme. Both institutions have been associated with similar debt programmes in the past, providing structuring and distribution support in capital markets.

Keppel Infrastructure Trust has previously used its debt issuance programme to raise capital for infrastructure-related investments across sectors such as energy, environmental services, and telecommunications. The revision in the programme size reflects its ongoing strategy to maintain financial flexibility while supporting growth and operational needs.

Source Reuters

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