By Chester Tay
Axiata Group Bhd. is looking to raise up to $1.5 billion via European bonds to refinance existing debt and meet capital expenditure needs.
The group said Monday that its Euro Medium Term Note program won't have a fixed tenure, with the maturities of each series of notes to be determined with the relevant dealer.
The notes may be listed on the Singapore exchange, Axiata said.
The telco said CIMB Investment Bank Bhd. will be the sole principal adviser for the program. CIMB, Citigroup Global Markets Ltd., Standard Chartered Bank and UBS AG's Singapore Branch will serve as arrangers and dealers.
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