The REIT says it will use net proceeds raised from the notes exclusively to finance or refinance in whole or in part, new or existing eligible green projects that meet one or more categories of eligibility as recognised in the International Capital Market Association's Green Bond Principle and Loans Syndications and Trading Association's Green Loan Principles.
OUE REIT has issued its second 7-year investment grade green notes of $150 million at a 2.75% fixed rate due 2032.
The notes have a “BBB-” rating by S&P Global Ratings, and are issued under OUE REIT’s $2 billion Euro Medium Term Note Programme.
