GulfBase Live Support
Leave a message and our representative will contact you soon
30/06/2016 11:41 AST
Maxis Broadband has unveiled plans for unrated Islamic medium term notes with a nominal value of up to MYR 10 billion. In a statement to Bursa Malaysia on 29 June Maxis announced that a lodgement has been made on 29 June 2016 with the Securities Commission Malaysia for the Unrated Sukuk Murabahah Programme by MBSB, a subsidiary of Maxis pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework. The Unrated Sukuk Murabahah Programme shall have a tenure of 30 years.
The Sukuk Murabahah to be issued shall have a tenure of more than one year and up to 30 years as the Issuer may select provided that the Sukuk Murabahah mature on or prior to the expiry of the Unrated Sukuk Murabahah Programme.
MBSB intends to utilise the proceeds from the Sukuk Murabahah issuance under the Unrated Sukuk Murabahah Programme for the following Shariah-compliant purposes:
financing the settlement of purchase consideration in relation to the purchase of the businesses and undertakings including relevant assets and liabilities from the target companies, namely Maxis Mobile Sdn Bhd and Maxis Mobile Services Sdn Bhd; and
financing the capital expenditure and working capital requirements of MBSB and its subsidiaries (“Issuer Group”) and/or other general funding requirements and general corporate purposes of the Issuer Group and/or refinancing of other debt/financing obligations of the Issuer Group and/or refinancing any maturing Sukuk Murabahah.
CIMB Investment Bank Berhad is the Sole Principal Adviser and the Sole Lead Arranger for the Unrated Sukuk Murabahah Programme. The Shariah Adviser for the Unrated Sukuk Murabahah Programme is CIMB Islamic Bank Berhad.
CPI Financial
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
Index | Closing | Change |
---|---|---|
NIKKEI 225 | 21,292.29 | -96.29 (-0.45 |
DAX | 12,002.45 | -94.28 (-0.77 |
S&P 500 | 2,614.45 | 32.57 (1.26 |
05/04/2018
Stock markets recoiled on Wednesday as China retaliated in an escalating trade war with the United States, leaving investors reluctant to take positions in anything but the safest of assets.
The Gulf Today
04/04/2018
Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed on Tuesday.
Gulf News
04/04/2018
Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron’s (pictured) bid to attract money from abroad gains pace, a government report said o
Oman Daily Observer
03/04/2018
Explaining Japan’s economy to foreign audiences is hard.
One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task - the
The National
03/04/2018
China raised import duties on a $3 billion list of US meat, apples and other products on Monday in an escalating dispute with Washington over trade and industrial policy.
The government of
The Gulf Today