Thursday February 7, 2013

Danainfra sukuk to be listed soon

PETALING JAYA: Danainfra Nasional Bhd’s exchange traded bonds and sukuk will tentatively be listed tomorrow.

Malaysia’s first retail sukuk, which was oversubscribed by 0.61 times, will be issued to fund the construction of the country’s Sungai Buloh-Kajang mass rapid transit (SBK line).

The SBK line is the country’s current biggest infrastructure development, 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.

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