DanaInfra Nasional

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.

DanaInfra’s RM300m sukuk to kick-start retail bonds trading

DanaInfra Nasional Bhd's RM300 million sukuk aiming to partially fund the Klang Valley’s mass rapid transit (MRT) will make its kick-start retail trading of bonds on Bursa Malaysia. Moreover, it is likely that the sukuk will attract he issuance of private debt securities such as conventional bonds and Malaysian Government Securities (MGS) which will be publicly available. According to Tajuddin Atan - CEO of Bursa Malaysia Bhd - a number of parties have expressed their interest in issuing retail bonds. In addition, there should be ample amount of issuance for the successful trading of these bonds on the local exchange.

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