DanaInfra retail sukuk oversubscribed

The Sun Daily, 30 January 2013

KUALA LUMPUR: DanaInfra Nasional Bhd’s retail sukuk offering of three million units, worth RM300 million in nominal value, has been oversubscribed.

A total of 1,424 applications valued at RM484.31 million were received from the Malaysian public, which translated into a subscription rate of 161% for the retail sukuk offering.

All notices of allotment for successful applicants will be mailed before Feb 7, said Malaysian Issuing House in a statement yesterday.

The participating financial institutions for the retail sukuk are AmBank Group, CIMB Group, Malayan Banking Bhd and RHB Capital Bhd. – Bernama