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OUE sets up S$3b multicurrency debt programme

OUE Limited's treasury unit has set up a S$3 billion multi-currency debt issuance programme.

The Hongkong and Shanghai Banking Corporation Singapore branch and OCBC have been appointed the arrangers and dealers of the programme, it said on Wednesday.

Under the programme, the treasury unit may from time to time issue notes and perpetual securities in Singapore dollars or other currency.

Net proceeds arising from the issue of the securities under the programme will be used by the group to fund general working capital, corporate funding and refinancing of existing borrowings.