SINGAPORE (Apr 16): On March 14, OUE announced that it was issuing $154.75 million of 1.5% convertible bonds due 2023, convertible into ordinary shares in the company; and $150 million of exchangeable bonds, exchangeable into stapled securities (units) in OUE Hospitality Trust. The EBs bear a coupon of 3%. OUE holds 659.2 million units, or 36.34%, of OUEHT. The issue date for both tranches is April 13, and their maturity date is April 13, 2023.

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