KUALA LUMPUR: KLCC Real Estate Investment Trust (KLCC REIT) has expanded its Sukuk Murabahah Programme from RM3.0 billion to RM4.0 billion in nominal value, strengthening its Islamic financing capacity and enhancing financial flexibility.
The expansion was carried out through its wholly owned special purpose vehicle, Midciti Sukuk Berhad, allowing the REIT to better manage its debt profile while supporting future investment activities. The revised programme terms and increased limit officially took effect on April 16, 2026.
Following the upsizing, Midciti Sukuk Berhad issued a new RM500 million tranche of Islamic Medium Term Notes on April 24, 2026. The sukuk has a tenure of 10 years, offering a profit rate of 3.86% per annum, and is scheduled to mature on April 24, 2036.
The proceeds from this issuance were used to refinance an existing RM500 million sukuk that matured on the same day. This refinancing ensures KLCC REIT maintains a stable balance sheet and strong liquidity position, supporting its portfolio of premium assets, including the PETRONAS Twin Towers and Menara ExxonMobil.
The sukuk programme continues to carry a AAA rating with a stable outlook from RAM Rating Services Berhad, reflecting the REIT’s strong asset quality, prudent leverage, and strategic relationship with its parent company, Petroliam Nasional Berhad.
With an additional RM1 billion in capacity under the expanded programme, KLCC REIT is well-positioned to access capital markets to fund Shariah-compliant investments, capital expenditure, and potential acquisitions in the future. The issuance was supported by leading financial institutions, with AmInvestment Bank, CIMB Investment Bank, and Maybank Investment Bank acting as Joint Lead Managers, while Shariah advisory services were provided by CIMB Islamic Bank and Maybank Islamic.