Telekom secures RM1.4b loan to redeem euro bonds
Telecommunications giant Telekom Malaysia Bhd today signed a RM1.37 billion (US$360) term loan facility to raise funds for the redemption of the company's outstanding euroconvertible bonds prior to maturity, a senior official said.
Mohamad Khir Abdul Rahmad, Telekom Malaysia's chief executive, said the two-year term loan facility would have a floating interest rate based on US dollar Libor.
Telekom inked the deal with four financial groups: HSBC, Standard Chartered Bank, Bank of Tokyo-Mitsubishi and ING.
For the rest of this story and more, subscribe for only RM150 a year. If you're already a subscriber, please sign in.
Sign in Subscribe now