Sunday, September 19, 2010

XL raise IDR2.5 trilion loan

PT XL Axiata Tbk raise IDR2.5 trillion from PT Bank Mandiri Tbk. The company plans to use the fund for repay debt and others.
CEO XL Axiata Hasnul Suhaimi says the fund will use for refinancing and others. "The interest base on Japan interbank offered rate [Jibor] with premium 1.4%," he added via blackberry message, today.
On March, Axiata Group Bhd., Malaysia ssecond-biggest mobile-phone operator, raise as much as 2 billion ringgit ($605 million) from the offering of shares in its XL Axiata subsidiary.
The sale of 1.5 billion shares, or an 18 percent stake in XL Axiata, was priced at IDR3,300 each.
Goldman Sachs (Singapore) Pte. was the sole global coordinator for the offering, with CIMB Investment Bank Bhd. acting as joint bookrunners.
Goldman Sachs (Singapore), CIMB Investment Bank, PT Mandiri Sekuritas, J.P. Morgan Securities Ltd. and Morgan Stanley Services Ltd. were joint lead managers.

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