Maxis Announces Issuance of USD 263.6 Million Sukuk Murabahah Via its Subsidiary

Malaysian telecommunication group Maxis Bhd (Maxis) announced that its wholly-owned subsidiary broadband services provider, Maxis Broadband Sdn Bhd (MBSN) has issued three series of Islamic Medium Term Notes (Sukuk Murabahah) amounting to MYR 1.1 billion (USD 263.6 million) in nominal value pursuant to its Unrated Sukuk Murabahah Programme. The issuance included the 11th series  amounting to MYR 150 million (USD 35.9 million) in nominal value, the 12th series worth MYR 600 million (USD 143.7 million) in nominal value and the 13th series of MYR 350 million (USD 83.8 million) nominal value, according to a filing by the company with Bursa Malaysia on the 3rd of January 2022. 

Why it Matters?

The funds raised from the programme are set to finance the settlemen...