By Marisa Wong
Los Angeles, June 15 – OUE Commercial Real Estate Investment Trust announced that OUE CT Treasury Pte. Ltd. priced S$100 million of five-year notes at par to yield 4%.
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.
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$100 million
|
Maturity: | June 24, 2025
|
Bookrunners: | Oversea-Chinese Banking Corp. Ltd. and Standard Chartered Bank (Singapore) Ltd.
|
Coupon: | 4%
|
Price: | Par
|
Yield: | 4%
|
Call options: | In whole at par at any time; clean-up call
|
Announcement date: | June 15
|
Settlement date: | June 24
|
Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.