`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 


Monday, June 10, 2013

AirAsia X launchs RM1 billion IPO

KUALA LUMPUR: Long-haul carrier AirAsia X, founded by entrepreneur Tony Fernandes, launched today an up to US$370 million (RM1.15 billion) initial public offering in Malaysia, seeking to raise funds to repay bank loans and for capital expenditures, according to a term sheet of the deal seen by Reuters.
The company and its shareholders are offering 790.1 million shares in an indicative price range for institutional investors of RM1.15 to RM1.45. About 75 per cent of the offering will come from new shares, according to the terms.
The deal is slated to be priced on June 24, with its debut set for July 10.
AirAsia X plans to use 44 per cent of the proceeds to repay bank loans, with another 22 per cent set for capital expenditures, according to the terms.
CIMB, Credit Suisse and Maybank were hired as joint global coordinators on the IPO, with Barclays, BNP Paribas, Citigroup, CLSA, HSBC and Morgan Stanley also acting as joint bookrunners.
– Reuters

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.