green debt

The green notes are part of OUE’s S$3 billion multicurrency debt issuance programme, established in 2016.

OUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%

Issuance will be consolidated with property player’s existing S$150 million in green notes, which were issued on Oct 8, to form a single series

While listed property groups can access debt funding, they should be careful with raising debt. Instead, they should actively explore selling low-yielding investment properties.

Opinion & Features

THE LEVEL GROUND

Property groups should sell low-yielding investment properties, go slow in raising debt

Pursuing housing-development opportunities could work fine

The notes will bear interest at a floating rate based on the Bank Bill Swap reference rate plus an agreed spread, payable quarterly.

Companies & Markets

Keppel Reit prices A$175 million floating rate green notes due 2027

Proceeds will be used to fund the acquisition of an office building in Sydney’s central business district

European banks led the transition, with BNP Paribas topping Bloomberg’s green debt league table.

International

World’s biggest banks made US$3 billion on green debt last year

For the second year in a row, global banks made more money underwriting bonds and providing loans for green projects than they earned from financing oil, gas and coal activities.

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