Maxis Bhd announced that its wholly-owned subsidiary Maxis Broadband Sdn Bhd (MBSN) had issued three series of the Sukuk Murabahah amounting to RM1.1 billion in nominal value pursuant to the Unrated Sukuk Murabahah Programme.
In June of last year, Maxis had announced that it is planning a sukuk issuance of up to 30. It said that it intends to use the funds raised from the unrated medium-term notes programme to finance the settlement of acquisitions “in relation to the businesses and undertakings, including relevant assets and liabilities” from two other Maxis subsidiaries, namely Maxis Mobile Sdn Bhd (MMSB) and Maxis Mobile Services Sdn Bhd (MMSSB). The proceeds will also be used as capital expenditure and working capital requirements for the group.
