Author Topic: DanaInfra Sukuk Now 4% already!  (Read 2830 times)

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DanaInfra Sukuk Now 4% already!
« on: January 19, 2013, 01:13:42 AM »
KUALA LUMPUR: DanaInfra Nasional Bhd has extended the offer period for its DanaInfra Retail Sukuk by another week to close on Jan 25.
 
It said on Friday the Exchange Traded Bonds and Sukuk's (ETBS) indicative profit rate, previously announced at a minimum of 3.7% per annum, was also fixed at 4% per annum.
 
DanaInfra, which is a unit of the Minister of Finance, Incorporated, said the extension period was to enable more retail investors to invest in this new instrument.
 
Prime Minister Datuk Seri Mohd Najib Tun Abdul Razak had launched the ETBS on Jan 8 with the maiden issuance by DanaInfra, the country's first new asset class in the Exchange meant for retail investors.
 
ETBS are listed fixed income securities, also known as bonds or sukuk, traded on the stock exchange.
 
This investment offers pre-determined returns in the form of coupons, which are paid out over regular intervals. The minimum is RM1,000 at the initial public offering stage. The debut issuance of the ETBS or DanaInfra Retail Sukuk will be used to partly fund the Mass Rapid Transit project.
 
Investors have the opportunity to invest in the country's key transport infrastructure and receive a Shariah-compliant return, with the security of a government guarantee besides diversifying their investment portfolio.
Can someone to give me a Loan and then leave me Alone?