AIRASIA Sdn Bhd, Asia's only low-fare, no-frills airline, is in advanced negotiations with its merchant bankers on a RM150mil Islamic bond issue in three tranches. It could be rolled out as early as in September.
Its executive director, Kamarudin Meranun, said the company would decide next week, whether to issue the bonds on its own or through a structured deal with Exim Bank.
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