Amanahraya REIT Sets Up RM2 Billion Medium-Term Note Programme for Refinancing and Growth

KUALA LUMPUR (Nov 11) — Amanahraya Real Estate Investment Trust (Amanahraya REIT) is moving forward with a major capital-raising initiative through the creation of a RM2 billion medium-term note (MTN) programme, aimed at strengthening its balance sheet and supporting future expansion.

In a filing with Bursa Malaysia, the REIT announced that its trustee, Pacific Trustee Bhd, has lodged the necessary documentation with the Securities Commission Malaysia to establish the programme. The MTN initiative carries a perpetual tenure, enabling flexible issuances of up to RM2 billion over time.

Funds to Strengthen Capital Structure and Support Future Investments

Amanahraya REIT said proceeds from the MTN issuances will be allocated for:

• Refinancing existing borrowings

• Supporting working capital

• Funding capital expenditure and asset enhancement initiatives

As at June 2025, the trust’s borrowings stood at:

• RM389.83 million (current borrowings)

• RM216.9 million (non-current borrowings)

Meanwhile, cash and cash equivalents were recorded at RM51.69 million.

The MTN programme offers additional financial flexibility, especially as the REIT continues to manage a diversified Malaysian portfolio comprising education institutions, commercial assets, industrial facilities and other income-generating properties. This aligns with investor interest in sectors such as commercial property in KL, industrial land in Selangor, and high-demand logistics clusters such as the Subang industrial area and factory zones around Puchong.

Public Investment Bank Bhd has been appointed as the principal adviser, lead arranger and lead manager for the programme.

Market Reaction

Units of Amanahraya REIT closed one sen higher at 35.5 sen, up 2.90%, valuing the trust at RM348.8 million. The broader REIT sector continues to receive steady investor interest, particularly in income-generating assets strategically located near business hubs, education corridors and developing markets such as Bukit Jalil, where demand for modern office space remains strong.