DanaInfra says exchange-traded sukuk profit to be paid on Nov 1

The Edge, 13 October 2022

KUALA LUMPUR (Oct 13): Infrastructure financing entity DanaInfra Nasional Bhd said its exchange-traded Islamic bond’s profit will be paid on Nov 1, with Oct 27 as the ex-date.

The profit for the exchange-traded sukuk, based on an annual profit rate of 4.58%, is for the period from April 29 to Oct 31, said the Minister of Finance Inc subsidiary in a filing with Bursa Malaysia.

DanaInfra announced the initial public offering of the 15-year exchange-traded sukuk in 2013, featuring a RM100 million scheme issued under an Islamic commercial papers (ICP) and Islamic medium term notes (IMTN) programme of up to RM8 billion.

The exchange-traded sukuk was listed on Bursa on Nov 28, 2013.

DanaInfra is mandated to undertake funding for government projects. Its ongoing projects include the Mass Rapid Transit (MRT) Putrajaya Line, the Sarawak Pan Borneo Highway and the Light Rail Tansit 3 (LRT3), according to the company's website.

Phase 1 of the MRT Putrajaya Line, from Kwasa Damansara to Kampung Batu, commenced on June 16, while the Phase 2 operations, from Kentonmen to Putrajaya Sentral, are expected to commence in January 2023.

For the Sarawak Pan Borneo Highway project, DanaInfra said the progress of construction stood at 83.04% as at May 25, while the LRT3 project was 72.25% completed as at April 30.

(Web source: https://www.theedgemarkets.com/article/danainfra-says-exchangetraded-sukuk-profit-be-paid-nov-1)