KLCC Real Estate Investment Trust, Malaysia's largest REIT, has received regulatory approval to sell up to three billion ringgit ($929.51 million) of Islamic bonds.
The sale will comprise Islamic bonds, or sukuk murabahah, maturing in seven years and 30 years, KLCC REIT said in a stock exchange filing on Thursday.
The REIT will use the proceeds for current and future financing, as well as for capital expenditure, acquisitions and working capital.
AmInvestment Bank, CIMB Investment Bank and Maybank Investment Bank will act as joint principal advisers, lead arrangers, lead managers and bookrunners.
KLCC REIT is "stapled" to shares of KLCC Property Holdings Bhd, owner of the Kuala Lumpur landmark, Petronas Twin Towers.
