Bond Factsheet
OUECT 3.950% 05May2027 Corp (SGD)
OUE REIT Treasury Pte. Ltd.
Indicative
Full Lot
Bid Price 100.800
Change in Bid Price
-
Bid Yield (%) 3.131 %
Change in Bid Yield
-
Ask Price 101.117
Change in Ask Price
-
Ask Yield (%) 2.809 %
Change in Ask Yield
-
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
OUE REIT Treasury Pte. Ltd.
Guarantor
OUE Real Estate Investment Trust
Announcement Date
25 Apr 2022
Issue Date
05 May 2022
Maturity Date
05 May 2027
Years to Maturity / Next Call
0.580 / -
Modified Duration
0.561 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.200
Coupon Type
Fixed
Annual Coupon Rate
3.950
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
SGXF36851818
CUSIP
BW1007929
Bond Currency
SGD
Total Issue Size
150,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
Issuer Call
In the event that OUE C-REIT is or is to be terminated in accordance with the provisions of the First Amending and Restating Deed dated 9 January 2014 made between (1) the OUE C-REIT Manager and (2) the OUE C-REIT Trustee (amending and restating a Deed of Trust dated 10 October 2013 constituting OUE Commercial Real Estate Investment Trust formerly known as OUE Commercial Trust) and as subsequently amended by a first supplemental deed dated 26 January 2015, a second supplemental deed dated 2 September 2015, a third supplemental deed dated 29 March 2018 and a fourth supplemental deed dated 28 May 2018 (the “OUE C-REIT Trust Deed”), the relevant Issuer shall redeem all (and not some only) of the Notes at their Redemption Amount together with interest accrued to (but excluding) the date fixed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date of termination of OUE C-REIT.
Coupon Step
In the event that a Rating Agency assigned an Investment Grade rating to OUE C-REIT and the Notes (“Initial Rating Event”) within 18 months from the Issue Date of the Notes, the Rate of Interest payable on the Notes shall be reduced by 0.25% p.a. and any such adjustment to the Rate of Interest shall be effective in respect of any Interest Period from and including the Interest Period commencing on the Interest Payment Date immediately following the date of the occurrence of the Initial Rating Event.
COUPON STEP-UP AND COUPON STEP-DOWN AFTER INITIAL RATING EVENT:
Following the adjustment of the Rate of Interest upon the occurrence of the Initial Rating Event, the Rate of Interest payable on the Notes shall be subject to further adjustment as follows:
(a) in the event of a Coupon Step Up Event, the Rate of Interest payable on the Notes shall be increased by 0.25% p.a.
(b) in the event of a Coupon Step Down Event, the Rate of Interest payable on the Notes shall be reduced by 0.25% p.a. In no event shall the Rate of Interest payable on the Notes (a) be lower than the Rate of Interest which applied to the Notes on the Issue Date less 0.25% p.a. or (b) be higher than the Rate of Interest which applied to the Notes on the Issue Date.
Cessation Put
If so provided in the terms of the Notes, in the event that the Listed Units (as defined in the OUE C-REIT Trust Deed) cease to be listed and/or traded on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) or transactions in any Listed Unit on the SGX-ST are suspended for a continuous period exceeding 10 market days, the relevant Issuer shall redeem all (and not some only) of the Notes at their Redemption Amount, together with interest accrued to the date fixed for redemption, (in the case where the Listed Units cease to be listed and/or traded on the SGX-ST) not later than the date falling 45 days after the date of cessation of listing or trading or (in the case where transactions in any Listed Unit on the SGX-ST are suspended for a continuous period exceeding 10 market days) the business day immediately following the expiry of such continuous period of 10 market days. The relevant Issuer shall forthwith notify the Trustee, the Issuing and Paying Agent, the Registrar, the Transfer Agent and the Noteholders of such cessation of listing or trading and the proposed date of redemption of the Notes.
For the purposes of this Condition 6(j), “market day” means a day on which the SGX-ST is open for securities trading.
Additional Note
The Name of the guarantor changed from "OUE Commercial Real Estate Investment Trust" to "OUE Real Estate Investment Trust" with effect from 29 January 2024.
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