Telekom Malaysia seeks debt financing

Telco issues RFP for a bridge financing and bond issue.

Telekom Malaysia sent out an RFP request for proposals this Monday seeking $300 million to $400 million in bridge financing ahead of a benchmark bond issue, likely to be launched early in the autumn. This marks the second RFP from the group, which had requested banks to submit proposals for a bond issue only a few weeks before.

Proceeds will be used to fund the group's prospective acquisition of an Indian cellular company, Idea. Telekom is hoping to buy up to 49% of the ATT, Birla and Tata owned group through a JV with Singapore Technologies Telemedia STT.

Bankers say Telekom also has a $200...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222