AirAsia plans US$1b bond programme to finance debt and buy planes
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
