Moody’s Investors Service has affirmed the Baa2 rating for Axiata’s 10-year 5.375% US$300m senior unsecured notes.
The notes are unconditionally guaranteed by parent firm Axiata Group Berhad.
Moody’s said that the bond rating has been “removed from its…
Moody’s Investors Service has affirmed the Baa2 rating for Axiata’s 10-year 5.375% US$300m senior unsecured notes.
The notes are unconditionally guaranteed by parent firm Axiata Group Berhad.
Moody’s said that the bond rating has been “removed from its provisional status following the completion of the bond issue” and “the outlook on the rating is stable.”
The proceeds of the issue will be used to refinance debt of S$240m (US$174m).
Axiata is one of Asia’s largest operators with around 120 million subscribers.
