I'm LongbridgeAI, I can summarize articles.Keppel Reit reported a 19.7% increase in first-quarter distributable income to S$57.9 million, with a total of S$62.9 million including a S$5 million anniversary distribution. No distribution was declared for the quarter. Seatrium priced S$400 million in fixed-rate notes at 2.95% due April 28, 2031, to refinance borrowings and fund acquisitions. Shares of Seatrium fell 2.9% to S$2.35.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 21):
Keppel Reit : The real estate investment trust (Reit) on Tuesday said distributable income from operations for the first quarter rose 19.7 per cent from S$48.4 million to S$57.9 million in the year-ago period. Including a S$5 million anniversary distribution, distributable income rose 17.8 per cent year on year to S$62.9 million, from S$53.4 million. No distribution was declared for the quarter as the Reit pays distributions on a half-yearly basis. Units of Keppel Reit closed flat at S$0.92 on Monday.
Seatrium : The marine engineering company on Monday said it priced S$400 million in fixed-rate notes due Apr 28, 2031, at 2.95 per cent per annum. The notes, issued by its wholly owned subsidiary Seatrium Financial Services, are part of its S$3 billion multicurrency debt-issuance programme. Net proceeds from the issue will be used to refinance existing borrowings, fund potential acquisitions and investment opportunities, as well as for working capital and capital-expenditure requirements. Shares of Seatrium ended Monday 2.9 per cent or S$0.07 lower at S$2.35, before the filing.
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