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.
|
| Guarantor: | DBS Trustee Ltd.
|
| Issue: | Notes
|
| Amount: | S$150 million
|
| Maturity: | June 2, 2026
|
| Bookrunners: | CIMB Bank Bhd., Singapore Branch, DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd., Standard Chartered Bank (Singapore) Ltd.
|
| Coupon: | 3.95%
|
| Price: | Par
|
| Yield: | 3.95%
|
| Call options: | On any interest payment date at par
|
| Announcement date: | May 25
|
| Issue date: | June 2
|
| Listing date: | June 3
|
| Distribution: | Regulation S
|
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