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OUE Commercial REIT Announces Pricing of Notes Due 2026

May 27, 2021 – OUE Commercial REIT announced that it has priced its offering of S$150 Million 3.95% Notes due 2026.

The Notes will be guaranteed by DBS Trustee Limited, in its capacity as trustee of OUE C-REIT 

he Notes will be issued under the S$2,000,000,000 Multicurrency Debt Issuance Programme of the OUE C-REIT Trustee and the Issuer.

The Notes will be issued at an issue price of 100% of their principal amount. The Notes will bear interest  at the rate of 3.95  per cent. per annum and interest on the Notes will be payable semi-annually in arrear. 

The Notes will mature on 2 June 2026 . The Issuer may redeem all but not some of the Notes, at its option, at any time on any interest payment date at 100% of their principal amount plus accrued and unpaid interest if the aggregate principal amount of the Notes outstanding is less than  aggregate principal amount originally issued. 

CIMB Bank Berhad, Singapore Branch, DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and Standard Chartered Bank (Singapore) Limited have been appointed as joint lead managers and bookrunners of the offering of the Notes

Read more here..

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