BURSA ANNOUCEMENTS

Date : 03 February 2012

OTHERS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT") - ACCEPTANCE OF COMMODITY MURABAHAH FINANCING-i-2 AND CROSS CURRENCY SWAP FACILITIES GRANTED BY HSBC AMANAH MALAYSIA BERHAD AND HSBC BANK MALAYSIA BERHAD RESPECTIVELY TO OSK TRUSTEES BERHAD (AS TRUSTEE FOR SUNREIT)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- ACCEPTANCE OF COMMODITY MURABAHAH FINANCING-i-2 AND CROSS CURRENCY SWAP FACILITIES GRANTED BY HSBC AMANAH MALAYSIA BERHAD AND HSBC BANK MALAYSIA BERHAD RESPECTIVELY TO OSK TRUSTEES BERHAD (AS TRUSTEE FOR SUNREIT)
Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sunway REIT Management Sdn Bhd (as Manager for SunReit) wishes to announce that OSK Trustees Berhad (as Trustee for SunReit) ("Trustee") has accepted a 3-year Commodity Murabahah Financing-i-2 Facility (“the Facility”) of up to USD100 million from HSBC Amanah Malaysia Berhad and a cross currency swap facility from HSBC Bank Malaysia Berhad. The Trustee has entered into the cross currency swap to fully hedge the foreign exchange and interest rate exposures of the Facility. The purpose of the Facility, which bears a lower interest rate, is to partially refinance some of the current borrowings of SunReit.
This announcement is dated 3 February 2012.


Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced3 Feb 2012  
CategoryGeneral Announcement
Reference NoSR-120203-1E88A

Back