Keppel REIT (SGX:K71U) announced in a filing with the Singapore Exchange on 30 October that it has obtained an SGD115 million loan facility.

The facility, obtained through a wholly-owned subsidiary known as Keppel REIT Fin. Company Pte. Ltd, is secured with a corporate guarantee by RBC Investor Services Trust Singapore Limited in its capacity as trustee of the Singapore office REIT.

Keppel REIT has however not given any specifics on how it intends to deploy funds from the loan facility in its announcement.

Units of Keppel REIT slipped 2.03% at the close of the trading day on the Singapore Exchange to end at SGD0.965.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.