OUE to issue $200m notes due 2022

Bookrunners will be HSBC and OCBC.

OUE proposed the issuance of $200m 3.75% notes due 2022 under the $3b multicurrency debt issuance programme established in November 2016.

According to OCBC Investment Research, the joint lead managers and bookrunners for the issue of these notes are HSBC and OCBC.

OUE will release the notes in registered form at the issue price of 100% of the principal amount of the notes and in denominations of $250,000 each.

"The group expects that the net proceeds from the issue of these notes will be used for funding general working capital and general corporate funding purposes," said OCBC Investment Research.

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