Last updated on August 23, 2025
KUALA LUMPUR: Axis Real Estate Investment Trust (REIT) Managers Bhd, a wholly owned subsidiary of RHB Trustees Bhd, has successfully completed its first issuance of RM300 million senior Islamic medium-term notes (senior sukuk) under its RM3 billion Islamic notes programme.
In a filing to Bursa Malaysia today, the company said the senior sukuk carries a rating of AA2(s) from RAM Rating Services Bhd, has a 10-year tenure, and offers a fixed profit rate of 4.0% per annum, payable semi-annually in arrears.
Following this issuance, Axis-REIT’s fixed-rate financing ratio is expected to rise from 48% to 65%.
“The proceeds from the senior sukuk will be used to fund capital and development expenditure, working capital, general corporate purposes, and to refinance existing or future Islamic financing facilities,” it said.
Axis REIT chief executive officer and executive director Leong Kit May said the exercise marks an important milestone in diversifying the trust’s funding base and advancing its growth strategy.
“The funds will provide us with a strong war chest to capitalise on strategic opportunities, acquire income-accretive assets, and further strengthen our balance sheet for sustainable long-term growth,” she said.
