DanaInfra to issue RM100m retail sukuk

PETALING JAYA (Oct 20, 2013): DanaInfra Nasional Bhd, a company under the Minister of Finance Inc, plans to raise up to RM100 million through its second issuance of DanaInfra Retail Sukuk soon to the market.

Proceeds from the retail sukuk issuance, which is part of DanaInfra 3rd Series IMTN Programme, will be used to finance the Sungai Buloh-Kajang mass rapid transit project.

In a statement on Friday, DanaInfra said the retail sukuk will have a tenure of 15 years, with a minimum indicative profit rate of 4.5%, based on present market condition.

However, the actual profit rate is to be announced on the opening date which is scheduled on Oct 24, 2013. The offer will be opened until Nov 15, 2013, with listing slated on Nov 28, 2013.

The maiden retail sukuk to raise RM300 million issued on Feb 8 this year recorded an oversubscription of 1.61 times.

DanaInfra Retail Sukuk is guaranteed by the government. Investors will receive profit payments from their investment on a semi-annual basis.