Ananda borrows US$1.2 billion for Maxis buyout

BLOOMBERG reports: T. Ananda Krishnan, Malaysia’s second-richest man, is borrowing US$1.2 billion to help fund the buyout of Maxis Communications Bhd.This is 20 per cent less than the maximum sought, according to Lim Ghee Keong, the group treasurer of Usaha Tegas Sdn.Binariang GSM Sdn, Krishnan’s special purpose company, decided not to exercise an option to increase the loan to US$1.5 billion after getting enough funds from a US$3.6 billion bond sale last month, Lim said in a phone interview today.