As highlighted in September 2012 regarding Bond/Sukuk for Retail, DanaInfra Nasional Berhad will be the first issuer to the Exchange Traded Bond and Sukuk (ETBS). It will be listed and traded on Bursa Malaysia on 8th February 2013. This product is known as DanaInfra Retail Sukuk.
The size of DanaInfra Retail Sukuk is RM300 million with 10-year maturity date. The Sukuk is an infrastructure issuance to fund the initial tranche of the RM1.5bil for the first phase of the MRT Kajang to Sungai Buloh line.
The minimum profit rate for DanaInfra Retail Sukuk is 3.70 percent per year The final profit rate will be notified prior to listing date. Profit payment will be semi-annually and not taxable.
The table below is the key point of DanaInfra Retail Sukuk.
|DanaInfra Nasional Berhad
|Guarantor (principal or face value & profit)
|Government of Malaysia
|Up to RM300 million
|RM100 per unit
|Profit Payment Frequency
|Minimum 3.70 percent. Final value to be confirm on Issue Date
|Bursa Malaysia under the ‘Loans and Bonds’ Board
|Tax exemption under Section 127(3A) Income Tax Act 1967
|Minimum & Maximum Investment
|Minimum 10 units or RM1,000 & no maximum
|How to buy
|Application form or via ATM machine & Internet Banking (Maybank, CIMB & RHB only)
|1. Malaysian citizen & at least 18 years old.
2. Corporation incorporated in Malaysia with Malaysian as majority share holder.
3. Superannuation, cooperative, foundation, provident or pension fund established in Malaysia.
|CDS account & Trading account
|Restriction on the holding period
If the DanaInfra Retail Sukuk is over-subscribed, the Issuer will conduct a ballot to determine the allocation to retail investors in a fair and equitable manner.
For those who are interested, you may subscribe via online banking before 18th January 2013 at 5pm. Tentative balloting date in 22nd January 2013.