Stocks to watch: UOB, OUE Reit, Keppel Pacific Oak US Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 30):

UOB : The bank announced on Monday that its cardholders in Singapore will be able to redeem reward points when travelling in Johor Bahru, Malaysia. This is a first for a local financial institution and comes as UOB Singapore credit card customers have increased cross-border spending in Malaysia. Participating merchants include Subway, Jean Yip and MOG Eyewear, with more set to be added in the future. Shares of UOB closed on Monday at S$34.45, up 0.2 per cent or S$0.06.

OUE Reit : Its wholly owned subsidiary, OUE Reit Treasury, has priced an offering of S$150 million worth of green notes, due in 2032, the manager said on Monday. The notes are expected to be issued on Oct 8, 2025, at an issue price of 100 per cent of their principal amount and will bear interest at a rate of 2.75 per cent per annum, payable semi-annually. Net proceeds from the issuance will go towards new or existing green projects. Units of OUE Reit finished at S$0.335, down 1.5 per cent or S$0.005, before the announcement.

Keppel Pacific Oak US Reit (Kore) : The trustee of the real estate investment trust, Perpetual Asia, has made changes and restated a facility agreement on Monday, which was previously dated Jul 19, 2024. The amended agreement states that under the new terms and conditions, Perpetual Asia will be required to pay all outstanding loans under the loan facility within 10 business days in the event that Keppel Capital Investment ceases to own at least about 64.2 million units in Keppel Pacific Oak US Reit. The revolving credit facility is in a principal amount of US$25 million. The aggregate level of facilities that may be affected by this, as at Monday, is about US$705 million, excluding interest and fees. Units of Kore closed flat at US$0.23 before the news.