BURSA ANNOUCEMENTS

Date : 30 June 2017

OTHERS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT") UNRATED MEDIUM TERM NOTES ("UNRATED MTNS") UNDER THE MEDIUM TERM NOTES PROGRAMME OF UP TO RM10.0 BILLION IN NOMINAL VALUE ("MTN PROGRAMME") UNDERTAKEN BY SUNREIT UNRATED BOND BERHAD - NOTIFICATION OF THE REVISION TO THE PRINCIPAL TERMS AND CONDITIONS OF THE MTN PROGRAMME ("REVISIONS")

SUNWAY REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject OTHERS
Description
SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")

UNRATED MEDIUM TERM NOTES ("UNRATED MTNS") UNDER THE MEDIUM TERM NOTES PROGRAMME OF UP TO RM10.0 BILLION IN NOMINAL VALUE ("MTN PROGRAMME") UNDERTAKEN BY SUNREIT UNRATED BOND BERHAD 

- 	NOTIFICATION OF THE REVISION TO THE PRINCIPAL TERMS AND CONDITIONS OF THE MTN PROGRAMME ("REVISIONS")

We refer to our announcements dated 25 May 2012, 10 July 2012 and 9 October 2012 (“Announcements”) in respect of the MTN Programme undertaken by SunREIT Unrated Bond Berhad (“the Issuer”), a special purpose vehicle whose shares are held by RHB Trustees Berhad (as trustee for SUNREIT).

The Board of Directors of Sunway REIT Management Sdn Bhd, the manager of SUNREIT wishes to announce that subsequent to the Announcements, the Issuer had appointed Affin Hwang Investment Bank Berhad (“Affin Hwang IB”), as the Principal Adviser and Lead Arranger for the MTN Programme to advise the Issuer on the following key Revisions:

  1. Extension of the tenure of the MTN Programme from a 15-year programme to a 35-year programme;
  2. Conversion of the non-transferability and non-tradability restrictions of the Unrated MTNs to transferable and tradable Unrated MTNs; and
  3. Upsizing of the MTN Programme limit from its existing RM1 billion to RM10 billion.

The noteholder approval for the above Revisions had been obtained on 21 March 2017 and 9 May 2017. On behalf of the Issuer, Affin Hwang IB had on 27 April 2017 and 30 June 2017 notified the Securities Commission Malaysia that the Revisions above have taken effect.

This announcement is dated 30 June 2017.






Announcement Info

Company Name SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name SUNREIT
Date Announced 30 Jun 2017
Category General Announcement for PLC
Reference Number GA1-29062017-00003


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