XL Axiata Seeking Bank Loan to Repay Bonds Due in 2012

Published on:

Note -- this news article is more than a year old.

By:

Indonesian mobile network operator XL Axiata is in talks with banks to secure fresh funding to repay existing loans that will mature next year a company executive said on Friday.

Johnson Chan, senior vice president for corporate finance at XL, told the Jakarta Globe that the company was in preliminary discussions with several banks and while they have secured the funding amount, they are now just negotiating over the interest rate.

He did not clarify the amount of the debt that is due next year, but it is thought to include bank loans as well as a USD171 million bond.

On the web: Jakarta Globe

Page Tools

 

Tags: xl axiata  Indonesia 

Sign up for our free daily email news alerts

Sample Copy