Home › Business › Business News
Thursday, 15 August 2013
KUALA LUMPUR: Axis REIT Sukuk Bhd had on Thursday successfully issued sukuk of RM155mil with a blended annual financing rate of 4.13% and 4.18% per annum for its five-year and seven-year sukuk.
In a Bursa filing, it said the RM155mil sukuk has a total of five tranches, with the first two being rated AAA.
The first tranche of RM70mil would be issued at seven-year tenure while the RM60mil would be issued at five-year tenure.
Axis said the proceed from the second sukuk issue would be used to refinance the fund’s existing financing facilities.
“With this second sukuk issue, Axis Real Estate Investment Trust has successfully increased its weighted average debt maturity to 4.2 years matching the fund’s assets portfolio’s weighted average lease expiry of 4.34 years (by area),” it said.
Brent extends gains at above US$85 as China oil demand rises
M’sian SME confidence highest in four years
China says its 7.3% economic growth still reasonable
CIMB Thai 9-month net profit falls by 6.3% to 900mil baht
IBM ditches 2015 operating EPS target
i-City throws pre-launch event exclusively for Liberty Tower buyers
Travellers claim no Ebola screening
Japan court orders Facebook to reveal revenge porn IP addresses
Zambia's Sata to miss 50th independence anniversary
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)