Published: Wednesday February 6, 2013 MYT 10:55:00 AM
Danainfra Holdings exchange traded bonds, sukuk to list on Friday
KUALA LUMPUR: Danainfra Holdings Bhd's exchange traded bonds and sukuk (ETBS) to list this Friday.
A Bursa Malaysia Securities circular said on Wednesday the tick size would be one sen. The reference price is RM1. The upper limit is equal to or above RM1 is 10% while the lower limit price below RM1 is 10 sen.
To recap, the retail sukuk was issued to fund the construction of the country's Sungai Buloh-Kajang mass rapid transit (SBK Line). It was oversubscribed by 0.61 times.
This is the country's first retail sukuk offering to facilitate the funding of the country's biggest infrastructure development, the Sungai Buloh-Kajang mass rapid transit (SBK Line) project, with a total estimated cost of RM23bil.
The oversubscription represented RM484.3mil in value from a total of 1,424 applications for the RM300mil retail sukuk offering.