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OUE Limited’s $150m green notes oversubscribed by 1.5 times

The notes carried a 4.00% fixed rate.

OUE Limited's $150m green notes, due 2029, were oversubscribed by 1.5 times. 

Issued on 8 October at a 4.00% fixed rate, the deal was allocated to a broad range of high-quality accounts, including fund managers (46%), banks (15%), and private banks (39%).

Following this issuance, OUE has no refinancing needs until September 2026.

The notes were under the $3b Multicurrency Debt Issuance Programme established by OUE Treasury on 30 November 2016.

OUE Limited will use the net proceeds from the notes issuance, which excludes related expenses, to finance or refinance, in whole or in part, new or existing eligible green projects that meet the criteria set out in the Green Finance Framework established in September 2024.
 

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