AirAsia Group Berhad (AAGB) has announced a proposed renounceable rights issue to its existing shareholders, to raise up to RM1 billion ($238.6 million)  as part of the overall Group fundraising strategy. The Proposed Rights Issue entails the issuance of seven-year Redeemable Convertible Unsecured Islamic Debt Securities (RCUIDS) with a nominal value of RM0.75 each, plus free detachable warrants on the basis of 2 RCUIDS with one warrant for every six AAGB shares held. As a key component of AAGB’s fund-raising initiatives, the group states that the Proposed Rights Issue will enable AAGB to raise funds supporting various segments of the Group,

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