Indonesia’s XL Axiata Offers IDR 1.5 Trillion Sukuk Ijarah III Phase I 2022 in Four Series
Indonesia-based PT XL Axiata Tbk (XL Axiata) has announced the issuance of IDR 1.5 trillion (USD 334 billion) Sustainability Sukuk Ijarah III Phase I 2022 in four series, namely Series A, Series B, Series C, and Series D, with tenors of three, five, seven and ten years for each series, as per a statement to the Indonesia Stock Exchange (IDX) on the 23rd of August 2022, Why it Matters? Proceeds from the Sukuk will be used by XL Axiata to fund its capital expenditures for network expansion, capacity development, and service quality enhancement. The Sukuk are set to be issued...
IM Insights
| August 24, 2022