MOF Inc-backed DanaInfra says ex-date for exchange traded sukuk profit payment on April 27

The Edge, 13 April 2022

KUALA LUMPUR (April 13): Minister of Finance Inc (MOF Inc)'s wholly-owned company DanaInfra Nasional Bhd said on Wednesday (April 13) that the ex-date for DanaInfra’s exchange traded Islamic bond or sukuk’s profit payment will be on April 27, 2022.

In a statement to Bursa Malaysia, DanaInfra said the profit payment date for the exchange traded sukuk, which offers an annual profit rate of 4.58%, falls on May 5, 2022.

DanaInfra, which has been established to undertake funding for Malaysia’s Mass Rapid Transit (MRT) project, said the tax-exempt profit payment in respect of the exchange traded sukuk is "for the period from Oct 29, 2021 to April 29, 2022”.

DanaInfra had initially announced the initial public offering of the 15-year exchange traded sukuk in 2013.

In a Bursa filing on Nov 26, 2013, DanaInfra said the exchange traded sukuk involves a RM100 million scheme issued under an Islamic commercial papers (ICP) and Islamic medium term notes (IMTN) programme of up to RM8 billion.

DanaInfra said the issue date for the Malaysian government-guaranteed exchange traded sukuk was on Oct 31, 2013 while the maturity date for the securities fall on Oct 31, 2028.

According to DanaInfra, the exchange traded sukuk was listed on Bursa on Nov 28, 2013.

(Web source: https://theedgemalaysia.com/article/mof-incbacked-danainfra-says-exdate-exchange-traded-sukuk-profit-payment-april-27)