AirAsia X filed (09-May-2013) an initial public offering prospectus (IPO) with the Malaysian Securities Exchange. The airline is planning an offering of up to 790.2 million ordinary shares as it seeks to raise up to USD300 million. According to the terms of the IPO, the company and its shareholders are offering 790.1 million shares, with 75% of the offering coming from new shares. The deal is slated to be priced on 24-Jun-2013, with its debut set for 10-Jul-2013. AirAsia X plans to use 44% of the proceeds to repay bank loans, with another 22% set for capital expenditures. CIMB, Creidt Suisse, Maybank and Morgan Stanley were hired as joint global coordinators on the IPO.[more - original PR]
AirAsia X files IPO prospectus, seeks to raise USD300m through offering of up to 790.2m shares
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