Saturday August 14, 2010
KUALA LUMPUR: Axiata Group Bhd, owner of the country’s second-biggest mobile phone operator, has deferred an Islamic bond sale to the week beginning Aug 16 to complete documentation, according to a person familiar with the matter.
The company planned to sell RM4.2bil of five, seven and 10-year sukuk to refinance debt, and Employees Provident Fund would buy most of the notes, the person said, asking not to be identified as the agreement is private.
Axiata chief financial officer Datuk Yusof Annuar Yaacob said on Aug 4 that the sale was scheduled for the week beginning Aug 9.
Axiata, Malaysia’s best-performing index stock this year, has RM6.7bil of group bonds and loans due to mature through 2020, according to data compiled by Bloomberg.
The company raised US$300mil in April from its first sale of dollar notes. — Bloomberg
http://biz.thestar.com.my/news/story.asp?file=/2010/8/14/business/6855405&sec=business
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