[ad_1]
OUE Real Estate Investment Trust (Reit) Treasury, a wholly owned subsidiary of OUE Reit : TS0U 0%, has priced its offering of S$250 million of green notes under its S$2 billion multicurrency debt issuance programme.
The notes – rated BBB- by S&P Global Ratings – are expected to be issued on Jun 14 and listed on the Singapore Exchange Securities Trading on or about Jun 18.
Priced at 100 per cent, the notes will bear an annual coupon of 4.1 per cent, with coupon payments made semi-annually in arrear.
The manager said in a bourse filing on Wednesday (Jun 5) night that the notes will be guaranteed by DBS Trustee, in its capacity as OUE Reit’s trustee.
OCBC is the sole global coordinator and green finance adviser, while DBS, HSBC’s Singapore branch and OCBC were named joint lead managers and bookrunners for the notes offering.
The Singapore branch of the Industrial and Commercial Bank of China is the joint lead manager and bookrunner (no book) of the offering.
GET BT IN YOUR INBOX DAILY
![Newsletter Img](https://www.businesstimes.com.sg/assets-web2/generic_newsletter-CGny2zps.png)
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The net proceeds will be used exclusively to finance or refinance, in whole or in part, new or existing eligible green projects that meet one or more of the categories of eligibility in accordance with OUE Reit’s green financing framework.
The notes will mature on Jun 14, 2027.
Units of OUE Reit closed Wednesday at S$0.27, up S$0.005 or 1.9 per cent.
[ad_2]
Source link