(Bloomberg) -- Telekom Malaysia Bhd. said 97.5
percent of investors agreed to its offer to accept new Islamic
securities in place of existing conventional debt, according to
the deal's arranger Citigroup Inc.
The acceptances mean Southeast Asia's second-biggest phone
company will convert about 2.93 billion ringgit ($848 million)
of debt into the form of Islamic bonds, Citigroup said in an e-
mail today. The swap will be completed on July 6, the bank said.
Read more at Bloomberg Bonds News
percent of investors agreed to its offer to accept new Islamic
securities in place of existing conventional debt, according to
the deal's arranger Citigroup Inc.
The acceptances mean Southeast Asia's second-biggest phone
company will convert about 2.93 billion ringgit ($848 million)
of debt into the form of Islamic bonds, Citigroup said in an e-
mail today. The swap will be completed on July 6, the bank said.
Read more at Bloomberg Bonds News
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