DanaInfra ups ante to attract investors to retail sukuk

DanaInfra Nasional Bhd (DINB) has extended the offer period and upped the indicative profit rate of its Exchange Traded Bonds and Sukuk (ETBS), also known as DanaInfra Retail Sukuk for retail investors. The move is intended to attracting more investors to take up the new asset class. The offer period will now close on January 25th. Meanwhile, the indicative profit rate, previously at a minimum of 3.7% a year, has been altered to 4% a year. The money raised from the DanaInfra Retail Sukuk will be partially used to fund the MRT project which is worth RM15 billion.