The properties are located mainly in the established Mid Valley City integrated development (62% by market value) and along Jalan Tun Razak in Kuala Lumpur (38% by market value), with good accessibility.
KUALA LUMPUR: RAM Ratings has assigned preliminary ratings to the proposed RM850mil first tranche medium term notes under the issuer IGB Commercial REIT Capital Sdn Bhd’s perpetual RM5bil MTN programme.
In an announcement posted on its website on Tuesday, it said the issuer is a special-purpose entity incorporated by IGB Commercial REIT (the REIT) to facilitate the funding exercise under the programme.
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