Indonesia-based mobile operator XL Axiata is planning to refinance its debts amounting to Rp 4.5 trillion, which will be maturing in 2013. The total amount of the company’s debt stood at Rp 13.5 trillion at end-2012, with two-thirds of the loans set to mature in 2014 and 2015. It will seek bank loans for refinancing. It may also raise funds through a bond sale, if market conditions are favourable.