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.
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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.
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