OUE REIT launches $500m commercial paper programme

Notes issued will have maturities of up to 364 days.

OUE REIT Management Pte. Ltd., manager of OUE Real Estate Investment Trust (OUE REIT), announced that DBS Trustee Limited, its trustee, has established a $500m commercial paper programme.

The programme allows the trustee to issue fixed or floating rate notes with tenors of up to 364 days. DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited will act as arrangers and dealers.

Issuances will be digital via DBS Bank’s FIX Marketplace.

Notes will be offered outside the U.S. to non-U.S. investors under Regulation S and to institutional and accredited investors in Singapore under Sections 274 and 275 of the Securities and Futures Act 2001.