Proceeds of the bonds will be used to refinance a portion of the bridge facility arranged to fund the recent special distribution to shareholders. AIAL has applied to Standard & Poor’s (S&P) to have the bonds rated. S&P currently rated AIAL with ‘A’ credit rating and a ‘stable’ outlook. The prospectus will be registered on 26-Oct-05 and the intended issue date is 07-Nov-05.
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