Axiata leads sukuk charge from Malaysia

Telecom operator completes the first of what is expected to be a series of offerings from government-linked companies over the next two months.

Axiata leads sukuk charge from Malaysia

Malaysian telecom operator Axiata Group Berhad executed a $500 million sukuk bond on Tuesday, catching a market window ahead of a string of other prospective deals from Malaysian government-linked entities. 

Axiata was able to build up a peak order book of $1.4 billion for its Baa2BBB rated deal, a relatively warm reception that is likely to hearten the rest of the pipeline.

By contrast, its ultimate parent, Khazanah...

To continue reading, please login or register for free

Click for more on: axiata | malaysia | telecoms | bonds | investment grade | cimb | deutsche | hsbc

Print Edition

FinanceAsia Print Edition