Keppel

A second US-focused real estate investment trust launches a Singapore IPO in the hope of riding the momentum generated by its closest peer.

The upstream oil and gas company will raise $213 million ahead of its Singapore listing later this week.

Upstream oil and gas company KrisEnergy will open the order books for a Singapore IPO of up to $215 million after Keppel increases its stake and agrees to participate in the $80 million cornerstone tranche.

Keppel Corporation attracts strong domestic demand for the 30-year issue and prices inside the curve.

The Keppel-sponsored Reit's $1.2 billion acquisition of an 87.5% stake in a new office tower in Singapore prompts Moody's to change its ratings outlook on the trust to positive.

The Chinese oil giant inks a deal to buy Keppel's 45% stake in Singapore Petroleum for $1 billion, which will trigger a general offer to minority shareholders.

The Singapore government agency continues its divestment program through an exchangeable bond into Keppel shares.

S$300 million property deal features both US and Sing dollar denominated notes.

Deutsche Asset Management will manage the investments for all of Keppel''s insurance assets.