By Chester Tay

Axiata Group Bhd. plans to raise $1 billion via a combination of conventional and Islamic debt to refinance its subsidiaries' debts.

"The funds or the raised indicative quotes are pretty attractive, 10-year money, 30-year money," Axiata Deputy CEO Izzaddin Idris said in a media briefing Wednesday.

Mr. Izzaddin said Axiata has appointed CIMB, Standard Chartered, UBS and Citi as joint lead managers for the bond issuance, and the company hopes to complete the fundraising by August. 



  Write to Chester Tay at chester.tay@wsj.com