Malaysia’s IGB REIT launches up to RM 5 billion 20-year MTN program

By Marisa Wong

Morgantown, W.Va., Aug. 18 – Malaysia’s IGB Real Estate Investment Trust announced an up to RM 5 billion medium-term notes program on Friday.

Notes will be issued through IGB REIT Capital Sdn. Bhd., which is a special purpose vehicle wholly owned by IGB REIT via trustee MTrustee Bhd.

Hong Leong Investment Bank Bhd. is the lead arranger and lead manager for the 20-year MTN program.

Proceeds will be used to finance investments, to refinance existing or future borrowings and to fund working capital requirements.

The real estate investment trust is based in Kuala Lumpur.

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