Telecommunications
Bond / Sukuk Issuance — Proceeds
A telecom issuing a 5-year bond or Sukuk to fund network capex.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank (Net Proceeds) | Asset (+) | 248,000,000.00 | - |
| Bond Issuance Costs (Deferred) | Asset (-) | 2,000,000.00 | - |
| Bonds Payable (Nominal) | Liability (+) | - | 250,000,000.00 |
💡 Accountant's Note
Bond proceeds are recognized as a liability at the net proceeds received. Issuance costs are deducted from the carrying amount under IFRS 9 and amortized over the bond's life using the EIR method.
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