Malaysia's Maxis issues $300m in first series of Islamic bonds

KUALA LUMPUR - Malaysian mobile phone operator Maxis Bhd said on Monday it had issued bonds worth 840 million ringgit (S$300 million) in the first series of its Islamic bond programme.

The tenure is for 10 years from the issue date, according to a stock exchange filing.

Maxis, controlled by Malaysia's second richest man Ananda Krishnan, plans to raise as much as 5 billion ringgit from a 30-year unrated sukuk murabaha programme to refinance debt and fund capital requirements.

CIMB, sole principal adviser and lead arranger for the programme, was the sole lead manager for the issue.

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