PT XL Axiata Tbk: XL Axiata Announces Public Offering Plans for 2022 Phase I Standby Offering Bond Program and 2022 Sukuk Ijarah III Phase I Standby Offering

Jakarta, July 27, 2022. Today, PT XL Axiata Tbk. (“XL Axiata”) has announced public offering plans for XL Axiata Shelf Offering Bonds II Phase I of 2022 and Shelf Offering Sukuk Ijarah III Phase I of 2022, in which XL Axiata is offering each of 1.5 trillion rupeesfor bonds and sukuk. This issue is part of off-the-shelf offer programs (Penawaran Umum Berkelanjutan or PUB) of bonds and sukuk, each target amounting to 5 trillion rupees. This Sukuk Ijarah program is the highest value offering ever issued by a company.

The proceeds of this offering after deduction of associated costs will be entirely used by the Company to finance its capital expenditures to increase capacity, extend the network and further improve the quality of XL Axiata’s services. This issue will allow greater financial flexibility to further improve the customer experience and continue the implementation of the transformation program of the three growth engines (Mobile, Enterprise and Home & Convergence), with the aim of realizing the vision of the company to become number one. 1st Converged Operator in Indonesia.

Bonds and Sukuk offered, each consisting of 4 series, Series A with 3-year maturities, Series B with 5-year maturities, Series C with 7-year maturities and Series D with 10-year maturities , with bond coupons/Sukuk yields offered ranging from 6.65% up to 8.95%.

This offering supports the government’s program to develop the Islamic finance sector in Indonesia, which is one of the largest issuers of sovereign sukuk in the world.

Budi Pramantika, Director and Chief Financial Officer of XL Axiata, said: “We are confident and believe that this offering of bonds and Sukuk Ijarah will receive a positive response from investors in the primary market. We expect this public offering to strengthen our capital structure and increase our long-term funding mix under the XL Axiata transformation program. It is also a manifestation of our belief and commitment to support the government in developing the Islamic capital market in Indonesia.

Bonds and Sukuk Ijarah both achieved the rank of AAA (idn) (Triple A)ofPT Fitch Ratings Indonesia.

The bond and sukuk offering was fully supported by the appointed co-managers, consisting of BRI Danareksa Sekuritas, PT CIMBniagaraSekuritas, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, andTrimegahSekuritas.

XL Axiata will conduct this Public Offering of Bonds and Sukuk from July 27, 2022 to August 10, 2022. In the meantime, the Allotment will be completed on August 26 and the Bonds and Sukuk will be listed on the Indonesian Stock Exchange at the date of August 31, 2022.

Disclaimer

PT XL Axiata Tbk published this content on July 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on July 27, 2022 14:03:08 UTC.

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