Indonesia XL Axiata to prepay, convert debt to avoid currency volatility

Indonesia XL Axiata to prepay, convert debt to avoid currency volatility

President Director XL Axiata Dian Siswarini explained the company programs to President Joko Widodo

As part of its efforts to stave off currency related risks, Indonesia’s major mobile telecom player PT XL Axiata Tbk (EXCL) is refinancing, converting and extending the payment part of its US dollar denominated debts, according to a company filing to the Indonesian Stock Exchange.

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