AirAsia Plans $1 Billion Bond Program to Finance Debt, Planes

  • Notes could be issued in U.S. dollars or other currencies
  • Move comes after weak ringgit contributed to quarterly loss

AirAsia Bhd., Southeast Asia’s biggest budget carrier, plans to raise as much as $1 billion under a multi-currency medium-term note program to refinance debt and buy airplanes after last year’s plunge in the Malaysian ringgit pushed the carrier to a third-quarter net loss.

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