Issue of S$250 million green notes due 2027 by OUE REIT Treasury Pte. Ltd.
Allen & Gledhill advised DBS Bank Ltd. (“DBS”), The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC Singapore”), Industrial and Commercial Bank of China Limited, Singapore Branch (“ICBC Singapore”), and Oversea-Chinese Banking Corporation Limited (“OCBC”), on the issue of S$250 million green notes due 2027 (“Notes”) under the S$2 billion multicurrency debt issuance programme established by OUE REIT Treasury Pte. Ltd. (“OUE REIT”).
DBS, HSBC Singapore, and OCBC were appointed joint lead managers and bookrunners of the Notes, while ICBC Singapore was appointed joint lead manager and bookrunner (no book).
OCBC was also appointed sole global coordinator of the Notes, as well as green finance adviser to OUE REIT for the offering of the Notes.
The net proceeds raised from the issue of the Notes will be applied exclusively to finance or re-finance, in whole or in part, new or existing eligible green projects that meet one or more of the categories of eligibility as recognised in the Green Bond Principles and Green Loan Principles, in accordance with the Green Financing Framework established by OUE REIT.
Advising DBS, HSBC Singapore, ICBC Singapore, and OCBC were Allen & Gledhill Partners Margaret Chin and Sunit Chhabra.
