By Marisa Wong
Morgantown, W.Va., Nov. 6 – OUE Ltd. announced that wholly owned subsidiary OUE Treasury Pte. Ltd. priced S$200 million of 3.55% notes due May 10, 2023 at par.
The series 002 notes will be issued under OUE Treasury’s S$3 billion multicurrency debt issuance program established in November 2016. The program is guaranteed by the parent company.
Proceeds will be used for general working capital purposes, for general corporate funding purposes or to refinance existing borrowings.
The real estate developer is based in Singapore.
| Issuer: | OUE Treasury Pte. Ltd.
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| Guarantor: | OUE Ltd.
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| Issue: | Notes, series 002
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| Amount: | S$200 million
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| Maturity: | May 10, 2023
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| Coupon: | 3.55%
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| Price: | Par
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| Yield: | 3.55%
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| Announcement date: | Nov. 6
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| Settlement date: | Nov. 10
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