Establishment of S$2 billion multicurrency debt issuance programme by OUE C-REIT
Allen & Gledhill advised Oversea-Chinese Banking Corporation Limited (“OCBC”) and Standard Chartered Bank (Singapore) Limited (“SCB”), on the establishment of a S$2 billion multicurrency debt issuance programme (the “Programme”) by DBS Trustee Limited (in its capacity as trustee of OUE Commercial Real Estate Investment Trust (“OUE C-REIT”)) and OUE CT Treasury Pte. Ltd., a wholly-owned subsidiary of OUE C-REIT.
OCBC and SCB were appointed arrangers and dealers of the Programme.
The Bank of New York Mellon, Singapore Branch (“BNY Mellon Singapore”) was appointed trustee, CDP Issuing and paying agent, CDP calculation agent, CDP transfer agent and CDP registrar.
The Bank of New York Mellon, London Branch (“BNY Mellon London”) was appointed non-CDP issuing and paying agent and non-CDP calculation agent.
The Bank of New York Mellon SA/NV, Luxembourg Branch (“BNY Mellon Luxembourg”) was appointed non-CDP registrar and non-CDP transfer agent.
Advising OCBC and SCB was Allen & Gledhill Partner Margaret Chin.
Advising BNY Mellon Singapore, BNY Mellon London and BNY Mellon Luxembourg was Allen & Gledhill Partner Daselin Ang.
Advising OCBC and SCB on tax issues was Allen & Gledhill Partner Sunit Chhabra.
