OUE lowers exchange price for 3% exchangeable bonds due 2023

By Sarah Lizee

Olympia, Wash., Nov. 12 – OUE Ltd. adjusted the exchange price for its S$150 million 3% exchangeable bonds due 2023, according to a notice.

The exchange price will be lowered to S$0.9256 from S$0.9466.

The change, which will take effect on Nov. 16, is being made in connection with a distribution for the period of July 1 to Sept. 30 that resulted in excess distribution of S$0.0150 per stapled security.

OUE Ltd. is a Singapore-based real estate developer.

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