MALAYSIA: Axis Real Estate Investment Trust (REIT) is planning to issue a RM300 million (US$96 million) Sukuk to refinance its short-term debt and extend its debt expiry profile.
Axis-REIT’s short-term debt as at the 30th September 2011 stood at RM340 million (US$108.7 million), of which RM198 million (US$63.3 million) is due this year.