Malaysia's Maxis to price IPO at 5 rgt/share-sources

KUALA LUMPUR/SINGAPORE Nov 10 (Reuters) - Malaysia's biggest mobile phone operator Maxis Bhd will price its initial public offering at 5.00 ringgit per share, sources with direct knowledge of the deal told Reuters on Tuesday.

Maxis' share offer comprises an institutional tranche of 2.037 billion shares, more than 90 percent of the total, and a retail portion of 212.3 million shares.

The retail portion will be priced at a 5 percent discount to the institutional tranche.

Controlled by reclusive Malaysian billionaire Ananda Krishnan, Maxis is expected to list on the local bourse by Nov. 19.

(Reporting by Saeed Azhar in SINGAPORE, Soo Ai Peng and Julie Goh in KUALA LUMPUR; editing by Valerie Lee)