OUE Real Estate Investment Trust (OUE REIT), through its joint venture OUE Allianz Bayfront LLP, has secured its first S$600 million green loan facility, alongside S$225 million in revolving credit facilities and a S$5 million bank guarantee facility. This financing arrangement, coordinated by DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited (OCBC), aims to refinance existing facilities due in 2026 and support general corporate purposes. The refinancing reduces the weighted average cost of debt to 4.1% per annum and extends the average term to 2.9 years. This move, facilitated by OUE Bayfront's BCA Green Mark certification upgrade to Platinum, marks a significant step towards sustainable financing for OUE REIT, with green and sustainability-linked borrowings expected to reach 86.1% of total borrowings by June 2025.