Keppel REIT launches S$886.3 million preferential offering to fund Marina Bay Financial Centre stake

SGX Filings12-11

Keppel REIT (K71U) announced on Dec, 11 2025 a non-renounceable preferential offering of about 923.189 million new units at S$0.96 each.

The issue price is 6.8% below the volume-weighted average price of S$1.0301 on Dec, 10 2025. Eligible unitholders will receive 23 new units for every 100 held, with fractional entitlements disregarded.

Gross proceeds are expected to reach roughly 886.3 million Singapore dollars. Around 875.6 million Singapore dollars (98.8%) will partly finance the purchase of an additional one-third interest in Marina Bay Financial Centre Tower 3, while about 10.7 million Singapore dollars (1.2%) will cover fees and expenses. Any balance will be used for general corporate or working-capital purposes.

The offer is fully underwritten by DBS Bank (D05), Oversea-Chinese Banking Corporation (O39) and United Overseas Bank (U11), subject to customary conditions and Singapore Exchange approval.

The units trade ex-entitlement on Dec, 19 2025, with the record date set for Dec, 22 2025. Subscription opens on Dec, 26 2025 and closes on Jan, 9 2026. The new units are scheduled to begin trading on Jan, 19 2026.

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