By William Gullotti
Buffalo, N.Y., May 25 – OUE Commercial REIT Management Pte. Ltd. announced that OUE CT Treasury Pte. Ltd. priced S$150 million of notes due June 2, 2026 at par to yield 3.95%, according to a notice.
The notes are guaranteed by DBS Trustee Ltd., the trustee of OUE Commercial REIT.
The notes will be issued under the company’s S$2 billion multicurrency debt issuance program.
The notes can be redeemed on any interest payment date at par.
Oversea CIMB Bank Bhd., Singapore Branch, DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and Standard Chartered Bank (Singapore) Ltd. are the joint lead managers and bookrunners for the Regulation S offering.
Proceeds will be used to refinance existing borrowings.
The commercial real estate investment trust is based in Singapore.
Issuer: | OUE CT Treasury Pte. Ltd.
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Guarantor: | DBS Trustee Ltd.
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Issue: | Notes
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Amount: | S$150 million
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Maturity: | June 2, 2026
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Bookrunners: | CIMB Bank Bhd., Singapore Branch, DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd., Standard Chartered Bank (Singapore) Ltd.
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Coupon: | 3.95%
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Price: | Par
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Yield: | 3.95%
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Call options: | On any interest payment date at par
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Announcement date: | May 25
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Issue date: | June 2
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Listing date: | June 3
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Distribution: | Regulation S
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