Axis Real Estate Investment Trust (REIT) is expected to issue sukuk bonds worth RM300 million in the near-term to refinance its short-term debt, extend its debt expiry profile and lock in lower interest rate.

As at September 30, Axis REIT short-term debt stood at RM340 million, with RM198 million due this year. However, it was likely REIT might draw down a portion first, given the revolving credit due to the maturity in 2011, and planned unit placement, HwangDBS Vickers Research Sdn Bhd (HwangDBS Research) said………………………………………Full Article: Source