Keppel receives IRAS tax ruling for S$325 million subordinated perpetual securities issuance
Bitget2026/10/12 09:28- 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.
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