S$540 million sustainability-linked term and revolving credit facilities to OUE Commercial Real Estate Investment Trust

A&G News 25 October 2021

Allen & Gledhill, as transaction counsel, advised Oversea-Chinese Banking Corporation Limited (“OCBC”), CIMB Bank Berhad, Singapore Branch (“CIMB”), Qatar National Bank (Q.P.S.C.), Singapore Branch (“QNB”), The Bank of East Asia, Limited, Singapore Branch (“BEA”) and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”) on the S$540 million sustainability-linked term and revolving credit facilities to DBS Trustee Limited, as trustee of OUE Commercial Real Estate Investment Trust. The facilities will be used for financing the capital expenditure, working capital requirements and other general corporate funding purposes.

OCBC, CIMB, QNB, BEA and HSBC were appointed mandated lead arrangers.

OCBC was appointed sustainability adviser.

Advising OCBC, CIMB, QNB, BEA and HSBC was Allen & Gledhill Partner Lim Wei Ting.