OUE Real Estate Investment Trust announced on Oct, 08 2025 that its wholly owned subsidiary, OUE REIT Treasury Pte. Ltd., has issued 150 million Singapore dollars of seven-year investment-grade green notes at a fixed coupon of 2.75% due 2032.
The notes, rated “BBB-” by S&P Global Ratings, were issued under the trust’s 2 billion Singapore dollars Euro Medium Term Note Programme. Investor demand produced a peak orderbook of 412.8 million Singapore dollars—about 2.8 times the deal size—allowing pricing to tighten by 30 basis points from the initial 3.05% guidance; 80% of the allocation went to institutional investors.
Following the issuance and the refinancing of OUE Bayfront completed in Aug, 2025, the weighted average cost of debt is projected to decrease to 4.0% per annum from 4.2%, while the weighted average debt maturity is expected to extend to 3.6 years from 2.7 years. Only 16.2% of the trust’s total debt will now be due in 2026.
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