Published on 13 Jul 2022.
RAM Ratings has received notification from Axis REIT Sukuk Berhad (ARSB or the Issuer) that ARSB has fully redeemed its RM110.0 mil First Sukuk Issue today. Accordingly, we withdraw all ratings of the respective classes and no longer have any rating obligations in respect of the First Sukuk Issue.
The First Sukuk was secured against four Axis Real Estate Investment Trust-sponsored properties – Axis Northport Distribution Centre 1, Bukit Raja Distribution Centre, Axis Vista and Axis Hypermarket @ Johor.
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Ratings on Axis REIT Sukuk Berhad (First Sukuk)