MYR 400 Million of Maxis Broadband’s MYR 10 Billion Sukuk to be Cancelled: CIMB Investment Bank

According to a statement released by CIMB Investment Bank, a nominal value of MYR 400 million out of Maxis Broadband’s Sukuk Murabahah worth up to MYR 10 billion will be cancelled on the 4th of February 2021, following the purchase of securities or Sukuk, as reported in local media.

CIMB Investment Bank, acting as the sole principal adviser and lead arranger for the Sukuk Murabahah programme, noted that Maxis Broadband had purchased the Sukuk Murabahah on the open market, and that the Sukuk Murabahah would be cancelled in accordance with a relevant clause of the trust deed dated 20th of July 2016. The Shariah adviser for the programme is CIMB Islamic Bank, according to local media reports.

Maxis Broadband is a subsidiary of Maxis Berhad, a mobile telecommunicati...