News Coverage
News Coverage
DanaInfra Offering Second Issuance of Retail Sukuk
The Star Online, 19 October 2013
PETALING JAYA: DanaInfra Nasional Bhd will offer the second retail sukuk or exchange traded bonds next week as part of the financing programme for the RM23bil Sungai Buloh-Kajang Mass Rapid Transit (MRT) project.
The Finance Ministry unit, which was set up in 2010 to oversee the financing of the MRT project, said in a media release that the retail sukuk would be offered with a nominal value of up to RM100mil and tenure of 15 years with a minimum indicative profit rate of 4.5% based on present market condition.
“The offer will be opened until Nov 15. Listing and commencement of trading is expected to be on Nov 28,” it said.
DanaInfra’s first retail sukuk offering of RM300mil was oversubscribed by 1.61 times when it was offered in January.