AERO TRADING GROUP Corp

AirAsia Group to raise RM1bn convertible debt issuance

AirAsia Group to raise RM1bn convertible debt issuanceAirAsia Group to raise RM1bn convertible debt issuance

AirAsia Group Berhad (AAGB) has announced a proposed renounceable rights issue to its existing shareholders, to raise up to RM1 billion ($238.6 million)  as part of the overall Group fundraising strategy. The Proposed Rights Issue entails the issuance of seven-year Redeemable Convertible Unsecured Islamic Debt Securities (RCUIDS) with a nominal value of RM0.75 each, plus free detachable warrants on the basis of 2 RCUIDS with one warrant for every six AAGB shares held. As a key component of AAGB’s fund-raising initiatives, the group states that the Proposed Rights Issue will enable AAGB to raise funds supporting various segments of the Group,

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