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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Axiata plans to raise $1.5 bln via Islamic bonds

Posted on 20 July 2012

Malaysia’s largest mobile telephone company by sales said in a statement to the stock exchange that it would be the first Asian telecommunications company to issue multiple currency Islamic bonds, or sukuk. It didn’t specify which currencies, nor did it specify maturities or the number or size of tranches.
It called the issuance “strategic” as it would appeal to regional investors while also introducing the company to a diverse pool of investors across the Middle East and Europe, increasing its prospects for future fundraising………………………………………..Full Article: Source

 
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