KUALA LUMPUR: Axiata Group Bhd is firming up the details to issue sukuk bonds worth RM4.2 billon to refinance its current debts due to expire and hopes to announce details by end-July.
Group chief executive officer Datuk Yusof Annuar Yaacob said on Tuesday, June 22 the group aims to term out its loans by five to seven years.
Speaking to reporters after its AGM, he said the sukuk tenures will be five, seven and 10 years respectively.
Axiata president and group chief executive officer Datuk Seri Jamaludin Ibrahim'' said the group was in the midst of drawing up a new dividend policy, which it expects to announce at the end of this third quarter.
The adoption of this policy could pave the way for Axiata to transform into a growth and dividend stock, he added.
Group chief executive officer Datuk Yusof Annuar Yaacob said on Tuesday, June 22 the group aims to term out its loans by five to seven years.
Speaking to reporters after its AGM, he said the sukuk tenures will be five, seven and 10 years respectively.
Axiata president and group chief executive officer Datuk Seri Jamaludin Ibrahim'' said the group was in the midst of drawing up a new dividend policy, which it expects to announce at the end of this third quarter.
The adoption of this policy could pave the way for Axiata to transform into a growth and dividend stock, he added.
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