Malaysian mobile phone network operator Maxis Bhd has obtained the approval from the Securities Commission for the proposed issuance of a 2.45 billion Malaysian ringgit ($804.99 million) sukuk, according to a local stock exchange filing on Monday.
Maxis said on Feb 16 it intended to use 1.45 billion ringgit of the 30-years sukuk to refinance its existing loans while the rest will be used for capital expenditure and other operational purposes………………………………………..Full Article: Source