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Maxis may use bonds to pay back parent

Published: 2009/11/20
 
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Maxis Bhd (6012) may use Islamic bonds and bank loans to pay back parent Maxis Communications Bhd the RM5 billion it used to buy its assets.

It is evaluating options now and expects to firm things up by as early as May next year.

"We are looking at the bonds market, both Islamic and conventional, as well as the credit market. We will see which is more favourable and a decision will be made within six to 12 months," chief financial officer Rossana Rashidi said in an interview in Kuala Lumpur on Wednesday.

According to Rossana, the repayment deadline is September 30 2011.




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