Malaysia’s Maxis gets OK to launch RM 5 billion 30-year sukuk program

By Marisa Wong

Madison, Wis., June 17 – Malaysia’s Maxis Bhd. said it received approval from the Malaysia Securities Commission for an up to RM 5 billion Islamic medium-term note program.

The sukuk program will have a tenor of 30 years.

The company plans to use proceeds to refinance debt and for capital expenditure, working capital or general corporate purposes.

Maxis is a mobile communications operator based in Kuala Lumpur.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.