OUE REIT has established a $500 million commercial paper programme which will have tenors of not more than 364 days.
DBS Bank and Oversea-Chinese Banking Corporation are the arrangers of the programme and have been appointed as dealers under the programme.
The notes will be offered outside the US to non-U.S. persons, and to institutional investors and accredited investors in Singapore.
The REIT says that it will from time to time issue fixed or floating rate notes. It has not specified what proceeds from the notes will be funneled into.
Units in OUE REIT closed flat at 35 cents on Oct 7.
