The manager of OUE Commercial Real Estate Investment Trust (OUE C-REIT) announced on May 25 that its wholly-owned subsidiary, OUE CT Treasury, has priced $150 million worth of notes due 2026, guaranteed by DBS Trustee, as the trustee of the REIT.

The SGD-denominated notes will carry a coupon of 3.95% per annum and will be drawn down under the $2 billion multicurrency debt issuance programme of the trustee of the REIT and OUE CT Treasury.

The notes will be issued at an issue price of 100% of their principal amount. Interest on the notes will be payable semi-annually in arrear.

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