Telekom Malaysia (TM) has issued MR200m (US$61m) in Islamic medium-term notes (sukuk), with a seven-year tenure to finance its capital expenditure and broadband services.
This is the first draw under its MR3bn (US$915m) sukuk programme established in…
Telekom Malaysia (TM) has issued MR200m (US$61m) in Islamic medium-term notes (sukuk), with a seven-year tenure to finance its capital expenditure and broadband services.
This is the first draw under its MR3bn (US$915m) sukuk programme established in August, it said in a stock exchange notice.
TM said at the time the agreement gives it added flexibility in its debt funding, as an alternative to conventional bank borrowings.
CIMB and Maybank are joint principal advisers, lead arrangers, lead managers, bookrunners and shariah advisers on the deal.
Separately, the Malaysian operator has formed a regional sales office under the name Telekom Malaysia (Australia) as part of its expansion effort to cover the Australasia and Philippine markets, the company said.
The office will be in charge of the regional sales requirements coming from Australia, New Zealand, the Philippines and Pacific Islands.
