Malaysian telco Axiata (KLS:AXIATA) has priced a 10-year US$500m sukuk, with proceeds to be used to be used to acquire Nepalese mobile operator Ncell. The programme is based on the Shari’a principle of Wakala and the underlying assets are airtime vouchers representing entitlement to a specified number of airtime minutes on Axiata’s network. Malaysian telco Axiata (KLS:AXIATA) has priced a 10-year […]