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Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed Hektar Real Estate Investment Trust’s (“Hektar REIT”) five-year MYR215.0 million Medium-Term Note (the “Guaranteed Tranche”). Hektar REIT is a Malaysian-based diversified real estate investment trust which is listed on Bursa Malaysia.
This is Hektar REIT’s maiden issuance under its ten-year MYR500.0 million Medium-Term Notes Programme (“MTN Programme”). The Guaranteed Tranche, rated AAA by Rating Agency Malaysia (“RAM Ratings”), attracted resounding demand from institutional investors, underscoring growing acceptance for CGIF’s guarantee in the Malaysian bond market.