Brokers' take

OUE Commercial Reit | Hold Target price: S$0.68 Aug 28 close: S$0.72 OCBC Investment Research, Aug 28

OUE Commercial Reit (OUECT) recently announced that it has successfully priced S$150 million 3.03 per cent fixed rate notes due 2020 under its S$1.5 billion multicurrency debt issuance programme. The notes drew strong interest, with the final order book attracting funds in excess of S$400 million. OUECT has no refinancing requirement in 2017, and from what we understand, the notes will be used to partially refinance the Singapore dollar term loan due in 2018. We are positive on OUECT'…