| Axiata Group Bhd, Malaysia’s biggest telecommunications company by revenue, plans to set up a RM5 billion (US$1.6 billion) Islamic bond program to refinance debt, two people familiar with the deal said.
Celcom Transmission (M) Sdn Bhd, a unit of Axiata Group, will sell the notes, said the people who declined to be named as the information is private. The company hired HSBC Amanah Malaysia Bhd., CIMB Investment Bank Bhd and Maybank Investment Bhd. to manage the sale, they said. Rohizan Ismail, Celcom’s head of corporate communications in Kuala Lumpur, has so far not responded to e-mails seeking comment...............................................Full Article: Source
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