By Marisa Wong
Morgantown, W.Va., Nov. 13 – Axiata Group Bhd.’s wholly owned subsidiary, Axiata SPV2 Bhd., priced $500 million of dollar-denominated sukuk on Thursday, according to a Bursa Malaysia announcement.
The five-year sukuk (Baa2/BBB) were priced at par with a 3.466% profit rate.
CIMB Bank (L) Ltd. and Deutsche Bank AG, Singapore Branch are the managers.
The second series sukuk will be issued under the company’s $1.5 billion multicurrency sukuk program established in July 2012.
Proceeds will be used for general corporate purposes.
Axiata is a Malaysian telecommunications provider based in Kuala Lumpur.
| Issuer: | Axiata SPV2 Bhd.
|
| Issue: | Sukuk, second series
|
| Amount: | $500 million
|
| Maturity: | Nov. 19, 2020
|
| Managers: | CIMB Bank (L) Ltd. and Deutsche Bank AG, Singapore Branch
|
| Coupon: | 3.466%
|
| Price: | Par
|
| Yield: | 3.466%
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 19
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB
|
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