OUE REIT Management, the manager of OUE Real Estate Investment Trust, has announced that OUE REIT’s wholly-owned subsidiary, OUE REIT Treasury, has completed the issuance of its S$250 million $184 million inaugural green notes at a 4.1% fixed rate due 2027.
The REIT owns seven properties including Crowne Plaza Changi Airport pictured, One Raffles Place, OUE Bayfront, and the Hilton Singapore Orchard.
SP Global Ratings assigned a “BBB-” rating to the notes which are OUE REIT’s inaugural green notes and represent its first investment grade issuance under its S$2 billion multicurrency debt issuance programme and the green financing framework established in March 2020...
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