135 views
Photo by Rock Staar via Unsplash.

OUE C-REIT subsidiary clinches S$430m green loan for refinancing

The proportion of green loans to the REIT’s total borrowings increased to 69.6%.

OUE Commercial REIT (OUE C-REIT)’s indirect subsidiary OUB Centre Limited has obtained an unsecured sustainability-linked loan (SLL) of S$430m from five banks: OCBC, Maybank Singapore, ICBC, The Bank of East Asia, and Qatar National Bank.

The funds will be used for the refinancing of existing borrowings and general corporate purposes, OUE C-REIT said in an SGX filing.

OCBC is the sustainability coordinator for the transaction.

With this, OUB Centre Limited has no further refinancing requirements until 2025.

ALSO READ: OUE Commercial REIT’s NPI up 18% YoY in Q1

The proportion of SLLs has also increased to 69.6% of OUE C-REIT's total borrowings as of 31 March, one of the highest percentages amongst S-REITs.

This is OUE C-REIT’s third SLL. It incorporates interest rate reductions linked to predetermined sustainability performance targets, which are in line with the REIT’s long-term targets to reduce energy and water intensities by 25% below 2017’s level by 2030.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!