Thursday 20, March 2014 by Robin AmlĂ´t

Sabana REIT vehicle issues $90 million Sukuk

Sabana Real Estate Investment Management, manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust  (Sabana  REIT), has announced that Sabana Sukuk, a subsidiary of Sabana REIT has issued $90 million  in principal amount of 4.00 per cent  Fixed Periodic Distribution Trust Certificates due 2018 pursuant to the S$500,000,000 Multicurrency Islamic Trust Certificates Issuance Programme established by the Issuer on 16 April 2013.

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