Singapore’s OUE sets up S$3 billion multicurrency debt program

By Marisa Wong

Morgantown, W.Va., Nov. 30 – OUE Ltd. announced that subsidiary OUE Treasury Pte. Ltd. has established a S$3 billion multicurrency debt issuance program that covers notes and perpetual securities.

The program is guaranteed by OUE.

Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch and Oversea-Chinese Banking Corp. Ltd. are the arrangers and dealers.

Proceeds will be used to fund general working capital, for general corporate funding and to refinance existing borrowings.

The real estate developer is based in Singapore.

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