OUE launches S$1bln Multicurrency Medium Term Note Programme

Proceeds to be used for the company’s general working capital and general corporate funding.

Overseas Union Enterprise Limited (the Company) has on Tuesday established a S$1,000,000,000 Multicurrency Medium Term Note Programme (the Programme).

Under the Programme, the Company may issue notes (Notes) from time to time in Singapore dollars or in other currencies, in various amounts and tenors, and which may bear fixed, floating or variable rates of interest. The Notes may be offered on a syndicated or non-syndicated basis.

Standard Chartered Bank has been appointed as Arranger and Dealer for the Programme.

The net proceeds arising from the issue of the Notes (after deducting issue expenses) will be used for the purpose of raising funds for general working capital and general corporate funding (including investments and capital expenditures) purposes and/or refinancing the existing bank borrowings of the Company.

The Singapore Exchange Securities Trading Limited (the SGX-ST) has on 28 December 2010 granted approval-in-principle for the listing and the quotation of the Notes to be issued pursuant to the Programme which are agreed at the time of issue thereof to be so listed on the SGX-ST.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.