DanaInfra launches RM300m sukuk

Business Times, 8 January 2013

Kuala Lumpur: DanaInfra Nasional Bhd this morning launched RM300 million of Islamic bonds (sukuk), which will be the country's first such issue meant for retail investors.

The sukuk, launched by Prime Minister Datuk Seri Najib Tun Razak, is to partly fund the MRT project in the Klang Valley.

It allows the man on the street to participate in the mega-project under the country's Economic Transformation Programme.

"It represents an unprecedented opportunity for the people of Malaysia to invest in, and profit from, the nation's development," Najib said at the launch.

The issue will be traded on the stock exchange as the first Exhange Traded Bonds and Sukuk (ETBS). Its coupon rate will be announced on February 8 following a book-building exercise.

(Web Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20130108131608/Article/index_html#ixzz2HOB1FVMX)