Axiata extends curve with $500m wakala

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By Rev Hui
16 Mar 2016

Malaysian telecommunications group Axiata extended its credit curve this week, raising $500m from a 10 year wakala sukuk.

Axiata was last in the dollar market in November 2015 when it raised $500m from a five year wakala. However, it has never been a frequent issuer in the international market, so its quick return surprised market participants.

“There were some who did ask why the company was ...

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