SINGAPORE: AirAsia Bhd has hired investment banks Credit Suisse and CIMB to help the airline raise at least US$200mil (RM762.6mil) in convertible bonds at its Indonesian and Philippine associates, people familiar with the deal said.
AirAsia’s finances have come under scrutiny as amounts owed to it by its loss-making associates in Indonesia and Philippines have steadily risen, burdening AirAsia’s balance sheet.
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