Net proceeds will go exclusively towards projects that meet at least one eligibility category in the real estate investment trust’s green financing framework
[SINGAPORE] A wholly owned subsidiary of OUE Reit , OUE Reit Treasury, has priced its offering of S$150 million worth of green notes due in 2032.
The notes will be issued under the S$2 billion euro medium-term note programme of DBS Trustee, the trustee of OUE Reit, and OUE Reit Treasury, the issuer.
They are set to be issued on Oct 8, 2025, at an issue price of 100 per cent of their principal amount. They will bear an interest rate of 2.75 per cent per annum, payable semi-annually in arrears.
Net proceeds from the issuance will be used exclusively for the financing or re-financing of new as well as existing green projects, in part or in whole, the real estate investment trust’s manager said on Monday (Sep 29). Such projects must meet at least one of the eligibility categories in accordance with OUE Reit’s green financing framework established in November 2023.
OUE Reit and the notes have been rated “BBB-” by S&P Global Ratings.
Application will be made to the Singapore Exchange for the listing and quotation of the notes on its official list. They are expected to be listed on the bourse on or around Oct 9, 2025.
The notes will be offered outside of the US and in Singapore, to institutional investors and accredited investors, and will mature on Oct 8, 2032.
Units of OUE Reit finished Monday at S$0.335, down 1.5 per cent or S$0.005, before the announcement.
