OUE REIT Secures First S$600 Million Green Loan for OUE Bayfront Refinancing with DBS and OCBC as Coordinators

Reuters
2025/08/26
OUE REIT Secures First S$600 Million Green Loan for OUE Bayfront Refinancing with DBS and OCBC as Coordinators

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OUE Real Estate Investment Trust published the original content used to generate this news brief on August 25, 2025, and is solely responsible for the information contained therein.

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