Friday, October 14, 2011

Sunway REIT get SC nod for RM3b debt note issuance

KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) has received the Securities Commission's approval for the proposed medium term note programme of RM3.0 billion in nominal value.

It said on Friday, Oct 14 HSBC Bank Malaysia Bhd, Maybank Investment Bank Bhd and RHB Investment Bank Bhd are the joint principal advisers and joint lead arrangers for the establishment of the MTN programme.

SunREIT Capital is a special purpose vehicle incorporated specifically for the issuance of the MTNs, whose shares are held by OSK Trustees Bhd on behalf of Sunway REIT.

It said issue one of the MTN programme shall entail the issuance of RM1.56 billion MTNs in nominal value.

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