DanaInfra sukuk a hit

Business Times, 12 July 2012

KUALA LUMPUR: DanaInfra Nasional Bhd (DanaInfra), a wholly-owned company of Minister of Finance Incorporated, said yesterday its RM2.4 billion sukuk has been oversubscribed 5.38 times.

The sukuk was issued to part-finance the construction and development of the MY Rapid Transit (MRT) project.

The RM2.4 billion Islamic Medium Term Notes, which formed part of the RM8 billion Islamic Commercial Papers/Islamic Medium Term Notes Programme, attracted demand of up to RM12.915 billion, DanaInfra said.

The first series of the sukuk will carry a profit rate of 3.62 per cent per annum for the sevenyear tranche, 3.74 per cent for the 10-year tranche, 3.87 per cent for the 12-year tranche and 4.04 per cent for the 15-year tranche. - Bernama