Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

OUE Commercial Trust Said to Plan 6.8% Yield in $315 Million IPO

Jan. 9 (Bloomberg) -- OUE Commercial Trust, a spinoff from Singapore’s OUE Ltd., plans to offer a 6.8 percent yield for its about S$400 million ($315 million) initial public offering, according to two people with knowledge of the matter.

The trust, which will be backed by properties including the OUE Bayfront office tower in downtown Singapore, intends to start marketing the deal next week, said the people, who asked not to be named as the process is private. It plans to sell the units at 80 Singapore cents each, they said.

OUE Commercial Trust intends to offer a dividend yield of 6.8 percent for this year and 6.9 percent for fiscal 2015, according to the people. Two calls to OUE Ltd.’s head office in Singapore seeking comment went unanswered.

The offering will be the second trust OUE has listed in the past six months. OUE Hospitality Trust, which owns a hotel and mall in the city’s Orchard Road shopping district, raised S$600 million from an IPO in July last year. Units of OUE Hospitality Trust are unchanged since they started trading.

OUE agreed to buy the U.S. Bank Tower in Los Angeles, California’s tallest building, for $367.5 million last year. It is controlled by Executive Chairman Stephen Riady, the son of Lippo Group founder Mochtar Riady. Indonesia-based Lippo Group’s businesses include real estate, financial services and food across Asia.

To contact the reporters on this story: Joyce Koh in Singapore at; Fox Hu in Hong Kong at

To contact the editor responsible for this story: Philip Lagerkranser at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.