KUALA LUMPUR: Sunway Real Estate Investment Trust
(SunREIT) plans to establish a sustainability-linked commercial papers (SLCPs) programme of up to RM3bil in nominal value.
In a filing with Bursa Malaysia, SunREIT said its special purpose vehicle, SUNREIT Capital Bhd, had lodged the required information and documents with the Securities Commission for the establishment of the programme under the lodge and launch framework.
The programme will have a tenure of seven years from the date of the first issuance and will be issued in accordance with SunREIT’s sustainability-linked financing framework.
Proceeds raised from the issuance will be used for working capital requirements, refinancing existing or future borrowings, and financing SunREIT’s investment activities, including capital expenditure and acquisitions.
“The SLCP has been assigned a P1(s) rating by RAM Rating Services Bhd, while the sustainability-linked financing framework has been accorded a Gold Sustainable Finance Rating and an Aligned disclosure level by RAM Sustainability Sdn Bhd,” it said.
Public Investment Bank Bhd has been appointed as the principal adviser, lead arranger and lead manager for the programme.
