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KUALA LUMPUR (Oct 16): Sentral REIT (formerly MRCB-Quill REIT) has lodged debt programmes with the Securities Commission, through which it plans to raise up to RM3 billion in combined aggregate value to finance its investment activities and general working capital, as well as to refinance its borrowings.
In a bourse filing yesterday, Sentral REIT said its manager Sentral REIT Management Sdn Bhd has proposed the establishment of Commercial Papers (CP) Programme of RM300 million in nominal value, and Medium-Term Notes (MTN) Programme of RM3 billion in nominal value, subject to a combined limit of RM3 billion in aggregate nominal value under Trusmadi Capital Sdn Bhd (the issuer).
Sentral REIT said the issuer, a wholly-owned special purpose vehicle of Maybank Trustees Bhd, has lodged the programmes with the Securities Commission on Friday.
The CP programme shall have a legal tenure of seven years from the date of the first issue of the CPs under the programme, while the MTN programme shall have perpetual tenure from the date of the first issue of the MTNs.
“Issuance of CPs and/or MTNs from time to time under the programmes may be rated and/or unrated, which will be determined prior to such issuance,” it added.
Maybank Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the programmes.
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