Axiata Group pulls off rare offshore renminbi sukuk
Malaysian telecommunications company Axiata Group sold only the second ever Islamic bond in the offshore renminbi market this week, pushing the deal to Rmb1bn ($157m) after finding plenty of demand from conventional investors.
It was the first time the company had issued in the dim sum market, but it is a well-known name to international investors, being one of the biggest companies in Malaysia.
It proved more eye-catching for bankers in the market because it reopened the offshore renminbi market for
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