| Celcom Axiata Berhad (Celcom), has placed out RM4.2 billion nominal value unrated Sukuk as part of an internal exercise to streamline Celcom's business functions and to establish a network-centric entity. This internal exercise is a component of Axiata's group-wide initiative to transform its regional back-end operations to drive efficiencies, enhance cost savings and create value. Under the sukuk issuance, the Employees Provident Fund Board will subscribe RM3.4 billion while the remaining RM800 million will be taken up equally by both CIMB Investment Bank Bhd and Maybank Investment Bank Bhd. The sukuk issuance, with tenures ranging from five to ten years, will be issued by Celcom's wholly-owned subsidiary, Celcom Transmission (M) Sdn Bhd. |
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