Sunway – thestar

Sunway REIT issues RM850mil commercial papers

Sunway Real Estate Investment Trust's (SunREIT) unit SunREIT Capital Bhd has issued RM850mil in nominal value of commercial papers (CPs).

It said on Thursday the CPs were accorded a short a short term rating of P1(s) by RAM Rating Services Bhd.

The RM200mil CPs, will be under a competitive tender, have a tenure of three months and will mature on July 25.

The other RM300mil in CPs would have a one-month tenure and will be placed out while the RM350mil CPs, which would also be placed out, would have a tenure of three months.