DanaInfra Nasional Berhad is issuing second Retail Sukuk which will be listed and traded on Bursa Malaysia on 28th November 2013. The maiden Retail Sukuk raised RM300 million issued on Feb 8 this year recorded an over subscription rate of 1.61 times.
Size of the second DanaInfra Retail Sukuk is RM100 million with 15-year maturity date. The Sukuk is an infrastructure issuance to finance the capital expenditure and operating expenses in relation to the development of the MRT Project.
The profit rate for the second DanaInfra Retail Sukuk is 4.58 percent per year. Profit payment will be paid semi-annually and not taxable.
The table below is the key point of DanaInfra Retail Sukuk.
| Descriptions | |
|---|---|
| Issuer | DanaInfra Nasional Berhad |
| Guarantor (principal or face value & profit) | Government of Malaysia |
| Offer Size | Up to RM100 million |
| Face Value | RM100 per unit |
| Maturity Date | 15 years |
| Profit Payment Frequency | Semi-annually |
| Profit Rate | 4.58 percent |
| Listing | Bursa Malaysia under the ‘Loans and Bonds’ Board |
| Tax Incentive | 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) |
| Shariah Complience | Yes |
| Eligibility | 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. |
| Requirement | CDS account & Trading account |
| Restriction on the holding period | No restriction |
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 by 15th November 2013 at 5pm. Tentative balloting date in 19th November 2013.
More information information can be found at DanaInfra Nasional Berhad.