Maxis major shareholder’s credit profile intact despite RM840mil sukuk: The credit profile of Maxis Bhd
’s indirect major shareholder, BGSM Management Sdn Bhd, will remain intact despite the telco’s recent issuance of 10-year RM840mil Islamic medium-term notes. RAM Ratings said the issuance is part of a RM5bil unrated Sukuk Murabahah programme. BGSM Management owns an indirect stake of 65% in Maxis. - StarBiz
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