To fund the Sungai Buloh-Kajang mass rapid transit (MRT) project, Danainfra Nasional Bhd is finalising plans to issue a RM1.5 billion sukuk tranche by mid-November, with one portion to be marketed as retail bond as mooted in Budget 2013.
The issuance, part of the RM8 billion Islamic commercial papers/Islamic medium-term notes (ICP/IMTN) programme signed in early July, will see one fifth of it — or RM300 million — being floated as retail bonds, said officials involved in the issuance. “This is an opportunity to widen the investor base for the MRT project………………………………………..Full Article: Source