KEPPEL TO BUY KRISENERGY NOTES

The Sun (Malaysia) - - SUNBIZ -

SIN­GA­PORE: Keppel Corp yes­ter­day said it will sub­scribe to a bond of­fer by KrisEnergy Ltd, throw­ing a life­line to the debt-laden oil and gas ex­plorer. Keppel said it could raise its stake to as much as 67.33% from 40% via an up to S$140 mil­lion (RM422.2 mil­lion) pref­er­en­tial of­fer­ing of zero-coupon se­cured notes cou­pled with war­rants. – Reuters

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