OUE REIT Issues its First 7-Year Investment Grade Green Notes Due 2031 at 3.90%

We are pleased to share that our wholly-owned subsidiary, OUE REIT Treasury Pte. Ltd. has successfully issued its maiden 7-year green notes (the “Notes”) of S$180 million at a 3.90% fixed rate due 2031. The Notes have been rated “BBB-" by S&P Global Ratings.

Mr Han Khim Siew, Chief Executive Officer of the Manager, said, “In a market where it is uncommon for non-government-linked companies to access tenors beyond five years, the successful issuance of our first 7-year note, alongside the competitive coupon rate of 3.9% — our lowest ever for a bond — marks a significant milestone for OUE REIT. We are deeply encouraged by the robust support from institutional investors. Their strong participation, coupled with substantial oversubscription, speaks volumes about investor confidence in our healthy capital structure, stable asset performance, and positive business outlook. Looking ahead, we will continue to align our financing requirements with sustainable initiatives and remain focused on creating value for our stakeholders through prudent capital management.”