SGX:BN4Industrials
Keppel (SGX:BN4) Stock Could Be 9% Undervalued After Its S$325,000,000 Perpetual Securities Sale
How Keppel’s new perpetual securities frame the latest stock move
Keppel (SGX:BN4) recently priced S$325,000,000 of fixed rate subordinated perpetual securities, an event that gives investors fresh context for assessing the stock after recent trading swings and changing earnings expectations.
The Series 018 perpetuals offer a 3.30% annual distribution from June 11, 2026 to June 11, 2029, with subsequent resets tied to the prevailing 3 year SORA OIS plus an initial spread of 1.62% and a 1.00%...