AirAsia hires Credit Suisse, CIMB for bond issue at associates - sources

AirAsia has said it would recapitalise its Indonesian affiliate so that the unit could meet a rule set by the country

SINGAPORE/KUALA LUMPUR: AirAsia Bhd has hired investment banks Credit Suisse and CIMB to help the Malaysia-based budget airline raise at least US$200mil (RM762.8mil) in convertible bonds at its Indonesian and Philippine associates, people familiar with the deal said.