OUE Reit's Subsidiary Prices Offering of SG$150 Million Worth of Bonds

MT Newswires09-30

OUE REIT's (SGX:TS0U) subsidiary, OUE REIT Treasury, priced its offering of SG$150 million worth of 2.75% green bonds due 2032, according to a Monday filing with the Singapore Exchange.

Shares of the company were up over 1% in Tuesday trading.

The bonds will be issued under the SG$2 billion euro medium term bonds program with OCBC (SGX:O39) acting as the sole global coordinator and DBS and OCBC as joint lead managers and bookrunners.

Concurrently, OCBC is also the green finance adviser for the bonds that are rated BBB- by S&P Global Ratings.

The bonds are expected to be issued on Oct.8 and proceeds will be used to finance or re-finance eligible green projects.

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