OUE Commercial Real Estate Investment Trust (SG:TS0U) has released an update.
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OUE Commercial Real Estate Investment Trust has successfully secured a S$600 million sustainability-linked loan, which was 2.0 times oversubscribed and is aimed at refinancing existing debt and for corporate purposes. This financial move postpones any further refinancing needs until the latter half of 2025 and significantly improves the REIT’s debt profile by increasing the proportion of unsecured debt to 86.7% and extending the average debt term to 3.1 years.
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