ATRIUM

1.350

(%)

OTHERS ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT") ESTABLISHMENT OF AN UNRATED MEDIUM TERM NOTES ("MTN") PROGRAMME OF UP TO RM999.0 MILLION IN NOMINAL VALUE ("MTN PROGRAMME")

ATRIUM REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject OTHERS
Description
ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT")

ESTABLISHMENT OF AN UNRATED MEDIUM TERM NOTES ("MTN") PROGRAMME OF UP TO RM999.0 MILLION IN NOMINAL VALUE ("MTN  PROGRAMME")

Unless otherwise stated, the terms used herein shall have the same meaning as defined in the previous announcement dated 18 September 2019 in respect of the MTN Programme.

 

We refer to the previous announcement dated 18 September 2019 in respect of the MTN Programme.

 

The Board of Directors of Atrium REIT Managers Sdn Bhd, the Manager of Atrium REIT, wishes to announce that Public Bank Berhad is agreeable to subscribe Tranche 3 of the MTN Programme of RM36.0 million (“Tranche 3 MTN”).

 

The Tranche 3 MTN has a tenure of seven (7) years from the date of issuance.

 

Proceeds raised from the Tranche 3 MTN shall be utilised by the Issuer to part finance/reimburse Atrium REIT’s purchase of the following property at a margin of financing of 80% of the purchase price of RM45.0 million:-

 

  1. H.S. (D) 172494, PT-, Bandar Shah Alam (expiring on 5 September 2073); and
  2. H.S. (D) 167421, PT-, Mukim Damansara (expiring on 7 November 2067),

 

both situated in Daerah Petaling, Negeri Selangor together with a single storey detached factory and a single storey office cum canteen, a TNB substation and a guard house erected thereon and bearing postal address of Lot 7, Persiaran Raja Muda, Seksyen 16, 40200 Shah Alam, Selangor Darul Ehsan.

 

This announcement is dated 7 December 2020.






Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 07 Dec 2020
Category General Announcement for PLC
Reference Number GA1-07122020-00072