AirAsia Bhd intends to use the net proceeds from its US$1bil multicurrency medium term note programme for its general corporate purposes.
In its filing with Bursa Malaysia on Wednesday, the company said will utilise the proceeds for working capital purposes, refinancing indebtedness of AirAsia, financing the equity portion of AirAsia’s aircraft financing or other airline investment opportunities, and expenses related to the issuance of the notes.
Its unit AirAsia Global Notes Ltd established the US$1bil multicurrency medium term note programme on Jan 5. 2016.
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In its filing with Bursa Malaysia on Wednesday, the company said will utilise the proceeds for working capital purposes, refinancing indebtedness of AirAsia, financing the equity portion of AirAsia’s aircraft financing or other airline investment opportunities, and expenses related to the issuance of the notes.
Its unit AirAsia Global Notes Ltd established the US$1bil multicurrency medium term note programme on Jan 5. 2016.
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