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Published on 12/3/2015 in the Prospect News Emerging Markets Daily.

Malaysia-based Axiata’s subsidiary unveils Rp 5 trillion sukuk program

By Marisa Wong

Morgantown, W.Va., Dec. 3 – Axiata Group Bhd. announced that subsidiary PT XL Axiata Tbk. launched an up to Rp 5 trillion sukuk program.

The subsidiary issued an initial tranche of sukuk on Wednesday. Details of the first tranche were not disclosed.

Axiata is a Malaysian telecommunications provider based in Kuala Lumpur.


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