Singapore’s OUE Commercial REIT sets up S$1.5 billion debt program

By Marisa Wong

Morgantown, W.Va., Aug. 20 – OUE Commercial Real Estate Investment Trust announced that OUE CT Treasury Pte. Ltd. has established a S$1.5 billion multicurrency debt issuance program that covers notes and perpetual securities.

The program is guaranteed by OUE CT Treasury’s parent company, DBS Trustee Ltd., the trustee of OUE Commercial REIT.

Australia and New Zealand Banking Group Ltd. and Standard Chartered Bank are the joint arrangers and dealers for the Regulation S program.

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

The commercial real estate investment trust is based in Singapore.

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