KUALA LUMPUR (Feb 3): Sunway Real Estate Investment Trust’s (Sunway REIT) trustee, OSK Trustees Bhd has accepted a three-year Commodity Murabahah Financing-i-2 Facility of up to US$100 million from HSBC Amanah Malaysia Bhd and a cross currency swap facility from HSBC Bank Malaysia Bhd.
The REIT’s manager, Sunway REIT Management Sdn Bhd in a filing Friday said OSK Trustees had entered into the cross currency swap to fully hedge the foreign exchange and interest rate exposures of the facility.
It said the purpose of the facility, which bore a lower interest rate, was to partially refinance some of the current borrowings of SunReit.
The REIT’s manager, Sunway REIT Management Sdn Bhd in a filing Friday said OSK Trustees had entered into the cross currency swap to fully hedge the foreign exchange and interest rate exposures of the facility.
It said the purpose of the facility, which bore a lower interest rate, was to partially refinance some of the current borrowings of SunReit.
