OUE launches S$1bln Multicurrency Medium Term Note Programme

Proceeds to be used for the company’s general working capital and general corporate funding.

Overseas Union Enterprise Limited (the Company) has on Tuesday established a S$1,000,000,000 Multicurrency Medium Term Note Programme (the Programme).

Under the Programme, the Company may issue notes (Notes) from time to time in Singapore dollars or in other currencies, in various amounts and tenors, and which may bear fixed, floating or variable rates of interest. The Notes may be offered on a syndicated or non-syndicated basis.

Standard Chartered Bank has been appointed as Arranger and Dealer for the Programme.

The net proceeds arising from the issue of the Notes (after deducting issue expenses) will be used for the purpose of raising funds for general working capital and general corporate funding (including investments and capital expenditures) purposes and/or refinancing the existing bank borrowings of the Company.

The Singapore Exchange Securities Trading Limited (the SGX-ST) has on 28 December 2010 granted approval-in-principle for the listing and the quotation of the Notes to be issued pursuant to the Programme which are agreed at the time of issue thereof to be so listed on the SGX-ST.

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