By Marisa Wong
Madison, Wis., Sept. 11 - Axiata Group Bhd.'s wholly owned subsidiary, Axiata SPV2 Bhd., issued RMB 1 billion of sukuk on Tuesday, according to an announcement by CIMB Investment Bank Bhd.
The sukuk were issued at par with a term of two years and a coupon of 3¾%.
This is the first series of sukuk to be issued under Axiata's $1.5 billion multicurrency sukuk program established on July 19.
Listing on the Bursa Malaysia Securities Bhd. and on the Singapore Exchange Securities Trading Ltd. is slated for Sept. 19.
Axiata is a Malaysian telecommunications provider based in Kuala Lumpur.
| Issuer: | Axiata SPV2 Bhd.
|
| Issue: | Sukuk
|
| Amount: | RMB 1 billion
|
| Maturity: | Two years
|
| Coupon: | 3¾%
|
| Price: | Par
|
| Yield: | 3¾%
|
| Settlement date: | Sept. 11
|
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