KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (AmanahRaya REIT), via ARREIT MTN 1 Sdn Bhd, has completed the first issuance of RM390 million in nominal value of medium-term notes (MTNs) under its MTN programme of up to RM2 billion in nominal value.
In a filing with Bursa Malaysia today, the manager of AmanahRaya REIT, AmanahRaya Kenedix REIT Manager Sdn Bhd, said the proceeds will be utilised to fully refinance the MTNs issued under the Tranche 1 Series 1 of the unrated MTN programme of up to RM950 million and the existing term loan facility granted by Public Bank Bhd
in favour of AmanahRaya REIT vide Pacific Trustees Bhd.
"The remaining balance will be utilised for working capital purposes,” it added.
AmanahRaya Kenedix said Public Investment Bank Bhd is the MTN programme’s principal adviser, lead arranger and lead manager. - Bernama
