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AirAsia plans US$1b bond programme to finance debt and buy planes

Published Wed, Jan 6, 2016 · 09:50 PM
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Kuala Lumpur

AIRASIA Bhd, South-east Asia's biggest budget carrier, plans to raise as much as US$1 billion under a multi-currency medium-term note programme to refinance debt and buy airplanes after last year's plunge in the Malaysian ringgit pushed the carrier to a third-quarter net loss.

The airline's AirAsia Global Notes Ltd unit can issue bonds under the programme in US dollars or other currencies, AirAsia said on Wednesday in an exchange filing in Kuala Lumpur.

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