Keppel receives IRAS tax ruling for S$325 million subordinated perpetual securities issuance

• Keppel received an IRAS advance tax ruling tied to its S$325 million 3.30% subordinated perpetual securities issuance.
• The Series 018 securities under its US$5 billion multi-currency debt issuance programme will be treated as “debt securities” for Singapore tax.
• Distributions, including arrears, will be regarded as interest payable on indebtedness under the ruling.
• The securities should qualify as Singapore Qualifying Debt Securities, enabling applicable tax exemptions and concessions, subject to conditions.
• The ruling was dated Oct. 12, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: BYOG7ZVD4GMZFWZI) on October 12, 2026, and is solely responsible for the information contained therein.