OUE REIT Completes its First I_老虎社区_美港股上老虎 - 老虎社区

OUE REIT Completes its First Investment Grade Green Notes Issuance - Initial Target Size 3.2 times Oversubscribed

OUE REIT Management Pte. Ltd., in its capacity as manager (the “Manager”) of OUE Real Estate Investment Trust (formerly known as OUE Commercial Real Estate Investment Trust) (“OUE REIT”), wishes to announce that OUE REIT’s wholly-owned subsidiary, OUE REIT Treasury Pte. Ltd. (formerly known as OUE CT Treasury Pte. Ltd.) has successfully completed the issuance of its S$250 million inaugural green notes (the “Notes”) at a 4.10% fixed rate due 2027. S&P Global Ratings has assigned a “BBB-” rating to the Notes.

Key Highlights:
[微笑] Achieved peak orderbook in excess of S$475 million at initial price guidance of 4.35%

[微笑] Offer subsequently upsized from initial target size of S$150 million to S$250 million Final pricing tightened to 4.10%, representing a 25 basis points (“bps”) compression from the initial price guidance

[微笑] Final orderbook was S$425 million (good at reoffer), with 74% of the final allocation going towards institutional investors

[微笑] No refinancing requirement until second half of 2025, where only 14.4% of total debt is due post-issuance on a pro forma basis

[微笑] Post-issuance, proportion of fixed-rate debt significantly increases from 60.0% as of 31 March 2024 to 70.6% on a pro forma basis

[微笑] Weighted average cost of debt will remain largely stable

Find out more: https://www.businesstimes.com.sg/companies-markets/oue-reit-completes-s250-million-inaugural-green-notes-issuance

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Ltd., in its capacity as manager (the “Manager”) of OUE Real Estate Investment Trust (formerly known as OUE Commercial Real Estate Investment Trust) (“OUE REIT”), wishes to announce that OUE REIT’s wholly-owned subsidiary, OUE REIT Treasury Pte. Ltd. (formerly known as OUE CT Treasury Pte. Ltd.) has successfully completed the issuance of its S$250 million inaugural green notes (the “Notes”) at a 4.10% fixed rate due 2027. S&amp;P Global Ratings has assigned a “BBB-” rating to the Notes.\n<br>\n<br>Key Highlights:\n<br><span>[微笑]</span>&nbsp;Achieved peak orderbook in excess of S$475 million at initial price guidance of 4.35%\n<br>\n<br><span>[微笑]</span> Offer subsequently upsized from initial target size of S$150 million to S$250 million Final pricing tightened to 4.10%, representing a 25 basis points (“bps”) compression from the initial price guidance\n<br>\n<br><span>[微笑]</span> Final orderbook was S$425 million (good at reoffer), with 74% of the final allocation going towards institutional investors\n<br>\n<br><span>[微笑]</span> No refinancing requirement until second half of 2025, where only 14.4% of total debt is due post-issuance on a pro forma basis\n<br>\n<br><span>[微笑]</span> Post-issuance, proportion of fixed-rate debt significantly increases from 60.0% as of 31 March 2024 to 70.6% on a pro forma basis\n<br>\n<br><span>[微笑]</span> Weighted average cost of debt will remain largely stable\n<br>\n<br>Find out more:&nbsp;https://www.businesstimes.com.sg/companies-markets/oue-reit-completes-s250-million-inaugural-green-notes-issuance\n<br>\n<br>\n<br>\n<br>\n<br>\n<img src=\"https://static.tigerbbs.com/cebfb43ace67f1f31f6a46fb95964efe\" tg-width=\"1620\" tg-height=\"1080\"></body></html>","htmlText":"<html><head></head><body><b>OUE REIT Completes its First Investment Grade Green Notes Issuance - Initial Target Size 3.2 times Oversubscribed </b>\n<br>\n<br>OUE REIT Management Pte. Ltd., in its capacity as manager (the “Manager”) of OUE Real Estate Investment Trust (formerly known as OUE Commercial Real Estate Investment Trust) (“OUE REIT”), wishes to announce that OUE REIT’s wholly-owned subsidiary, OUE REIT Treasury Pte. Ltd. (formerly known as OUE CT Treasury Pte. Ltd.) has successfully completed the issuance of its S$250 million inaugural green notes (the “Notes”) at a 4.10% fixed rate due 2027. 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Ltd., in its capacity as manager (the “Manager”) of OUE Real Estate Investment Trust (formerly known as OUE Commercial Real Estate Investment Trust) (“OUE REIT”), wishes to announce that OUE REIT’s wholly-owned subsidiary, OUE REIT Treasury Pte. Ltd. (formerly known as OUE CT Treasury Pte. Ltd.) has successfully completed the issuance of its S$250 million inaugural green notes (the “Notes”) at a 4.10% fixed rate due 2027. S&P Global Ratings has assigned a “BBB-” rating to the Notes. 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