OUE to circulate notes under a $3b multicurrency debt programme

HSBC and OCBC are appointed as arrangers and dealers.

Real estate owner, developer and operator OUE Limited is on the lookout for possible investors as it sets up a $3b multicurrency debt issuance program under its treasury arm, which will be the issuer of notes and securities.

The group appointed HSBC and OCBC as the dealers and arrangers of the programme. Under the said programme, OUE Treasury may, from time to time, issue notes and perpetual securities in Singapore dollars or any other currency as agreed between the dealers and the issuer.

The proceeds from the issuance of bonds will be used for the purpose of funding general working capital, or for the feneral corporate funding including investments and capital expenditures. It may also be used for refinancing the existing borrowings of the group.

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