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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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