Summary
SPV Name:
Axiata SPV2 Berhad
Notes:
Order book of over USD1.92 billion orders from more than 170 accounts, representing a bid-to-cover ratio of close to 3.8 times. Cross-border participation from a wide and diverse base of investors, with 58 percent from Asia, 22 percent Europe and 20 percent from Middle East. This issuance is the second issuance under Axiata’s multi-currency sukuk issuance programme with an aggregate nominal value of USD1.5 billion (or its equivalent in other currencies) (“Sukuk Programme”), established on 17 July 2012.
Based on the Shari'a principle of Wakala whereby the underlying assets are airtime vouchers, representing entitlement to a specified number of airtime minutes on the mobile telecommunications network of subsidiaries of Axiata for on-net calls.
Profit rate:
3.466%
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