Sep 15, 2011

XL Axiata to seal Rp10 trio loans in 3 years

Indonesia's third largest cellular operator PT XL Axiata Tbk (EXCL) aims to secure Rp10 trillion loan facilities in the next 3 years.
The operator is seeking syndicated loan faciliies or bilateral credit from financial institutions. XL Axiata is also considering the bond or other debt instruments issuance. The financing has obtained approbal from XL's board commissioner on September 13 2011. XL Axiata will use the facilities to support its cellular business.

Disclosure: No position at the stock mentioned above.

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