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OUE lowers exchange price for 3% exchangeable bonds due 2023
By Marisa Wong
Morgantown, W.Va., Feb. 1 – 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$0.9086 from S$0.9256.
The change, which will take effect on Feb. 11, is being made in connection with a distribution for the period from Oct. 1 to Dec. 31 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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