The Edge Markets: RHB Bank resumes market making activities for three Danainfra ETBS retail bonds

the edge markets

RHB Bank resumes market making activities for three Danainfra ETBS retail bonds

KUALA LUMPUR (March 17): Bursa Malaysia Bhd said RHB Bank Bhd has resumed its market making activities for three Danainfra exchange-traded bonds/sukuk (ETBS), after the bank was unable to provide quotes since Monday, due to system issues.

The three retail bonds were specified as 0400GA-DIN040000223, 0400GB-DIN045801028, and 0400GC-DIN042300721.

According to Minister of Finance Inc (MOF Inc)-owned DanaInfra Nasional Bhd's website, the ETBS issued by DanaInfra are guaranteed by the government of Malaysia.

DanaInfra's establishment was pursuant to the Economic Council's decision on June 14, 2010 after an in-depth consideration for the need to have an infrastructure financing entity to advise on and undertake funding of the proposed Mass Rapid Transit (MRT) project.

"Consequently, DanaInfra was established on March 3, 2011 as a company wholly-owned by MOF Inc, with the main objective to undertake funding for infrastructure projects mandated by the government," DanaInfra said.