Maxis' Unit Issues Two New Sukuk Murabahah Series Amounting To RM1 Bln

KUALA LUMPUR, May 19 (Bernama) -- Maxis Bhd's wholly-owned subsidiary, Maxis Broadband Sdn Bhd (MBSB) has issued two new series of Sukuk Murabahah, totalling RM1.0 billion in nominal value, pursuant to its unrated Sukuk Murabahah programme.

In a filing with Bursa Malaysia today, Maxis said MBSB issued two RM500 million Sukuk Murahabah, with a tenure of seven years and 10 years, respectively, adding that the proceeds will be used for debt refinancing, capital expenditure and general working capital requirements. 

The telecommunications service provider said the new issuances were part of the RM10.0 billion Unrated Sukuk Murabahah Programme that MBSB established on June 29, 2016.

-- BERNAMA