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XL Axiata on track to raise up to US$600m in rights issue

Connectivity BusinessbyConnectivity Business
May 5, 2016
in Financing, Space Services
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Indonesian mobile operator XL Axiata has priced its upcoming rights issue, with CFO Mohamad Adlan saying it puts the company on track to repay a US$500m shareholder loan as planned. The telco said in a stock exchange filing that the new shares will be offered a price of at Rp3,150 (US$0.24), suggesting it will raise some US$600m.  […]

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Tags: Asia PacificAxiataBANK MANDIRICredit SuissePremiumTF245XL Axiata
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