KUALA LUMPUR: Axiata Group Bhd
has secured the lowest-ever borrowing cost by an Asian corporate, as yield hungry global investors shrugged off concerns about the pandemic as they flocked to quality offerings.
The telecommunication company, on Thursday, said it has successfully priced a dual- tranche offering comprising 10-year US$500mil Sukuk and a 30-year US$1bil conventional notes.
The debt papers will be issued via its wholly-owned special purpose vehicles - Axiata SPV2 Bhd and Axiata SPV5 (Labuan) Ltd, respectively.
The Issuances have been assigned expected ratings of Baa2(s) and BBB+(s) by Moody’s Investors Service Inc and Standard & Poor’s Ratings Services, respectively.
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