Malaysian REIT CapitaLand Malaysia Trust (CLMT) has taken a significant step in bolstering its financial capacity with the proposed establishment of a medium term notes (MTN) programme worth up to MYR3.0 billion in nominal value.
A special purpose vehicle wholly owned by the REIT has lodged the required information and relevant documents in relation to the MTN programme with the Securities Commission Malaysia (SC) on 8 April.
The MTN programme carries a perpetual tenure and permits the issuance of MTNs from time to time, on the condition that the aggregate outstanding nominal value of MTNs issued does not exceed MYR3.0 billion at any point in time.
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