Tuesday 22 Sep 2026
main news image

KUALA LUMPUR (Nov 11): Amanahraya Real Estate Investment Trust (KL:ARREIT) plans to establish a RM2 billion medium-term note programme to raise capital for refinancing and funds for working capital and capital expenditure.

The REIT, via its trustee Pacific Trustee Bhd, lodged the required information and documents with the Securities Commission Malaysia on Tuesday, according to a bourse filing.

The programme will have a perpetual tenure and allows for the issuance of medium-term notes of up to RM2 billion.

Proceeds from issuances will be used to refinance Amanahraya REIT’s existing financing/ borrowings and finance working capital and capital expenditure, the real estate trust said.

At end-June 2025, Amanahraya REIT’s current borrowings stood at RM389.83 million while non-current borrowings totalled RM216.9 million. Cash and cash equivalents amounted to RM51.69 million.

Public Investment Bank Bhd is the programme’s principal adviser, lead arranger and lead manager.

Units in Amanahraya REIT ended one sen or 2.90% higher at 35.5 sen on Tuesday, valuing the trust at RM203 million.

Edited ByS Kanagaraju
      Print
      Text Size
      Share