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.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe