BUSINESS › NEWS






Axis REIT Sukuk's Nominal Value Increases To RM3 Billion

KUALA LUMPUR, April 10 (Bernama) -- Axis Real Estate Investment Trust, wholly-owned unit of Axis REIT Sukuk Bhd, has increased the nominal value of its Islamic Medium-Term Notes Programme to RM3 billion from RM300 million.

In a filing to Bursa Malaysia today, Axis REIT said the tenure was extended from a 15-year programme to a perpetual programme, effective April 10, 2015.

Securities Commission Malaysia has approved the increase in the size of the programme's nominal value on Jan 19, it said.....