Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
BANKING

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 peerMexico motors on local-currency dealBovespa 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.