Tuesday, May 22, 2012
Axiata to delay RM4.2b Islamic bond sale
Axiata Group Bhd, owner of Malaysia’s second-biggest mobile phone operator, deferred an Islamic bond sale to the week beginning Aug. 16 to complete documentation, according to a person familiar with the matter. The Kuala Lumpur-based company plans to sell RM4.2 billion (US$1.3 billion) of five-, seven- and 10-year sukuk to refinance debt, and Malaysia’s Employees Provident Fund will buy most of …
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