Bursa Malaysia Bhd (Bursa Malaysia) expects the newly-introduced exchange-traded bonds and sukuks (ETBS) to rapidly gain momentum and attract foreign issuances out of Malaysia under 2013 Budget.
Its chief executive officer, Datuk Tajuddin Atan, said this followed the announcement by Prime Minister Datuk Seri Najib Tun Razak that the expenses incurred in the issuance of ETBS would get double deduction for four years. “The DanaInfra Nasional Bhd issuance of retail bonds worth RM300 million by year-end to finance the mass rapid transit development projects will spearhead the listing of ETBS on Bursa Malaysia………………………………………..Full Article: Source