New Issue: Malaysia’s Axiata prices $500 million 4.357% notes due 2026 at par

By Christine Van Dusen

Atlanta, March 16 – Axiata Group Bhd. sold $500 million 10-year Islamic bonds (expected ratings: Baa2/BBB) at par to yield 4.357% on Tuesday, according to a company announcement on Wednesday.

CIMB, Deutsche Bank and HSBC were the bookrunners for the Regulation S deal.

Axiata is a Malaysian telecommunications provider based in Kuala Lumpur.

Issuer:	Axiata SPV2 Bhd.
Amount:	$500 million
Maturity:	March 24, 2026
Description:	Islamic bonds
Bookrunners:	CIMB, Deutsche Bank, HSBC
Coupon:	4.357%
Price:	Par
Yield:	4.357%
Trade date:	March 15
Settlement date:	March 24
Expected ratings:	Moody's: Baa2
	Standard & Poor's: BBB
Distribution:	Regulation S
Price talk:	Treasuries plus 260 bps area

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