OUE C-Reit to redeem S$155m in convertible units
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Singapore
OUE Commercial Real Estate Investment Trust (OUE C-Reit) will redeem some S$155 million of convertible perpetual preferred units (CPPUs) on June 1, the manager has said.
It released an irrevocable redemption notice on Monday for the convertible securities, which had been issued as part of the payment for a stake in downtown office building One Raffles Place.
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