Thursday 16 February 2012

Maxis proposes 10-yr RM2.45 bn Sukuk to refinance loans, capex

KUALA LUMPUR (Feb 16): Maxis Bhd has proposed to undertake a RM2.45 billion unrated Sukuk Musharakah programme with a 10-year maturity.

It said on Thursday that of the proceeds, RM1.45 billion would be used for refinancing of existing loans and RM1.0 billion for the capital expenditure and/or working capital and/or general funding requirements.

Maxis said CIMB Investment Bank Bhd was appointed as the sole principal adviser and sole lead arranger for the proposed Sukuk Musharakah.

CIMB and Maybank Investment Bank Bhd have been appointed as the joint lead managers for the first issuance.



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