TELEKOM Malaysia Bhd (TM) has accepted the purchase of US$39.7 million (RM134.19 million) nominal value of the US$300 million (RM1.01 billion) of notes due 2010 and US$34.9 million (RM117.96 million) nominal value of the US$500 million (RM1.69 billion) of notes due 2014 issued by its unit, TM Global Incorporated.
It told Bursa Malaysia yesterday that the tender exercise will reduce TM’s debt by 3.68 per cent to RM6.76 billion and its foreign currency exposure, US$-denominated debt, has come down from 54 per cent to 52 per cent based on its borrowings as at September 30.
