PETALING JAYA: Al-Salam Real Estate Investment Trust
(Al-Salam-REIT) has made its maiden rated senior sukuk wakalah issuance of RM455mil in nominal value under the guarantee tranche guaranteed by the credit guarantee and investment facility from the sukuk wakalah programme.
The sukuk was issued via a special-purpose vehicle (SPV) wholly owned by Al-Salam-REIT through its trustee, Amanahraya Trustees Bhd.
In a filing with Bursa Malaysia, the company said the proceeds raised from the first issuance of the AAA-rated senior sukuk wakalah with issuance tenures of five years will be utilised by the issuer to refinance the existing outstanding sukuk ijarah of RM455mil.
Maybank Investment Bank Bhd (Maybank IB) is the sole principal adviser and lead arranger for the sukuk wakalah programme.
CIMB Investment Bank Bhd, Maybank IB and RHB Investment Bank Bhd are joint lead managers of the first issuance of senior sukuk wakalah under the guaranteed tranche. —Bernama
