The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Deals of the year 2007: Maxis maxes out

Several international banks walked away from the Maxis deal, reckoning its size meant it couldn’t be done. ABN Amro and CIMB showed that it could.

Santander’s Italian disposal is the Real deal
AstraZeneca injects hope
Nigeria clears the decks
Big bet pays off for Fortis

GCA reaches out to buy US peer
Mexico motors on local-currency deal
Bovespa floats on the wave it made

Advisers: ABN Amro, CIMB

Nominal amount: M$600 million
Issue date: 28/12/2007

Tenor: five years
Coupon: 5.35%
Yield to maturity: 5.2%

Nominal amount: M$1.9 billion
Issue date: 28/12/2007

Tenor: six years
Coupon: 5.55%
Yield to maturity: 5.4%

Nominal amount: M$2 billion
Issue date: 28/12/2007

Tenor: seven years
Coupon: 5.65%
Yield to maturity: 5.5%

Nominal amount: M$1.55 billion
Issue date: 28/12/2007

Tenor: eight years
Coupon: 5.75%
Yield to maturity: 5.6%

Nominal amount: M$1.8 billion
Issue date: 28/12/2007

Tenor: nine years
Coupon: 5.9%
Yield to maturity: 5.8%

Ananda Krishnan had a problem. The Tamil Malaysian billionaire has investments ranging from satellite TV to gambling but at the heart of his empire is Maxis Communications, Malaysia’s largest cellular telecoms company, in which he held a 70% stake by the middle of 2007. Maxis, which is dominant in the near-saturated domestic cellular market, needed to go overseas to grow, and was doing so through bold expansion in India and Indonesia.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree