13.09.2012 - Ananda redeems RM1.06bln sukuk
Tycoon T. Ananda Krishnan-controlled Binariang GSM Sdn Bhd has partially redeemed RM1.06bil of its senior sukuk and prepaid US$6.87mil of its US dollar-denominated term loan, said a local ratings agency. RAM Ratings in a statement said it was closely monitoring the progress of the group's corporate restructuring exercise to decouple Aircel, and was in consultation with its advisors to determine and implement an optimal structure to satisfy the objective...............................................Full Article: Source
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