Axiata deputy group CEO Datuk Izzadin Idris said the bulk of the sukuk will be used to retire some of the group debt and the remaining as working capital for its subsidiaries.
KUALA LUMPUR: Axiata Group Bhd
is taking advantage of the current low-interest-rate environment to raise US$1bil worth of sukuk.
It is understood to be one of the largest sukuk raised by corporates since 2015 when the national oil company Petroliam Nasional Bhd (Petronas) raised US$1.25bil sukuk.
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