Issue of S$200 million green notes by OUE Treasury Pte. Ltd. and guaranteed by OUE Limited
Allen & Gledhill advised OUE Limited (“OUE”) and OUE Treasury Pte. Ltd. (“OUE Treasury”) on the issue of S$150 million 4% green notes due 2029 (“Tranche 1 Notes”) and S$50 million 4% green notes due 2029 (to be consolidated and form a single series with the Tranche 1 Notes, and together, “Notes”).
The Notes were issued under OUE Treasury’s S$3 billion multicurrency debt issuance programme, and are unconditionally and irrevocably guaranteed by OUE.
This is OUE and OUE Treasury’s inaugural issue of green notes. This is also the first green bond with an independent external review confirming the underlying use of proceeds is aligned with the green criteria of the Singapore-Asia Taxonomy for Sustainable Finance (2023 edition) by the Monetary Authority of Singapore.
Advising OUE and OUE Treasury were Allen & Gledhill Partners Wu Zhaoqi and Kern Wong.
