Axiata’s sukuk gets strong response

Axiata Group will use proceeds from the Sukuk issuance for general corporate purposes

PETALING JAYA: Axiata Group Bhd’s 10-year sukuk of US$500mil (RM2.08bil) received strong response with a final book of over US$900mil (RM3.73bil) orders.

The telco company said this was a bid-to-cover ratio of over 1.8 times and a final yield of 4.357%.