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Published on 6/1/2021 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

OUE redeems convertible preferred units for S$155.38 million

By Wendy Van Sickle

Columbus, Ohio, June 1 – OUE Commercial REIT Management Pte. Ltd. redeemed 155 million of the convertible perpetual preferred units of OUE Commercial Real Estate Investment Trust for S$155,382,191, according to an announcement.

A total of 220 million of the units remain outstanding.

The real estate developer is based in Singapore.


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