Axiata unit to reboot with larger $400m loan

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By Shruti Chaturvedi
08 Nov 2016

A subsidiary of Malaysian telecommunications company Axiata Group, which approached the loan market for $100m in June, is overhauling and increasing the financing to $400m to fund potential acquisitions.

Borrower Edotco Investments (Labuan) chose Deutsche Bank to arrange the transaction.

The borrower is an investment arm of Axiata Group, from which it is twice removed as it is part of telecommunication infrastructure provider Edotco Group, which is in turn owned by Axiata.

The company had invited banks to join ...

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