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OUE Commercial REIT Issues S$150 Million Green Notes

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OUE Commercial REIT Issues S$150 Million Green Notes

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An announcement from OUE Commercial Real Estate Investment Trust ( (SG:TS0U) ) is now available.

OUE Commercial Real Estate Investment Trust has issued S$150 million in 2.75% Green Notes due 2032 under its S$2 billion Euro Medium Term Note Programme. The issuance, managed by Oversea-Chinese Banking Corporation Limited and DBS Bank Ltd., aims to list the Notes on the Singapore Exchange Securities Trading Limited and is expected to be recognized under the SGX Sustainable Fixed Income initiative. This move aligns with the trust’s strategy to enhance its financial flexibility and sustainability credentials, potentially impacting its market positioning positively.

The most recent analyst rating on (SG:TS0U) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on OUE Commercial Real Estate Investment Trust stock, see the SG:TS0U Stock Forecast page.

More about OUE Commercial Real Estate Investment Trust

OUE Commercial Real Estate Investment Trust is a real estate investment trust established under the laws of the Republic of Singapore. It focuses on managing a diverse portfolio of commercial properties, primarily in the real estate sector. The trust is managed by OUE REIT Management Pte. Ltd., and it operates under a Euro Medium Term Note Programme to facilitate its financing activities.

Average Trading Volume: 3,242,391

Technical Sentiment Signal: Buy

Current Market Cap: S$1.93B

For detailed information about TS0U stock, go to TipRanks’ Stock Analysis page.

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