PETALING JAYA: KLCC Real Estate Investment Trust (KLCC REIT) wholly owned special purpose vehicle, Midciti Sukuk Bhd, has upsized its sukuk murabahah programme to RM4bil from RM3bil and revised certain terms and conditions of the programme.

In a filing with Bursa Malaysia, the commercial property trust noted the sukuk programme was initially established in April 2014.

Following that, Midciti successfully raised RM500mil on April 24 with a tenure of 10 years and profit rate of 3.86% per annum.

The proceeds raised will be utilised to refinance its outstanding sukuk murabahah of RM500mil maturing on the same date.

AmInvestment Bank Bhd, CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are the joint principal advisers, joint lead arrangers and joint lead managers on the corporate exercise.

CIMB Islamic Bank Bhd, Maybank Islamic Bhd and Prof Datuk Dr Aznan Hasan are the joint shariah advisers.