OUE C-REIT subsidiary prices $150 mil five-year notes with 3.95% p.a. coupon

The manager of OUE Commercial Real Estate Investment Trust (OUE C-REIT) announced on May 25 that its wholly-owned subsidiary, OUE CT Treasury, has priced $150 million worth of notes due 2026, guaranteed by DBS Trustee, as the trustee of the REIT.

The SGD-denominated notes will carry a coupon of 3.95% per annum and will be drawn down under the $2 billion multicurrency debt issuance programme of the trustee of the REIT and OUE CT Treasury.

The notes will be issued at an issue price of 100% of their principal amount. Interest on the notes will be payable semi-annually in arrear.

---

Related Stories

• Thomson Medical prices $160 mil of notes due 2029 at 4.65%
• Vertex Ventures announces allotment and issuance of new redeemable preference shares to fund future investments
• iFast prices inaugural issue of $100 mil notes due 2029

---