09.01.2013 - Malaysia’s first retail ETBS expected to offer 3.7pct return
Malaysia’s first exchange-traded bonds and Sukuk (ETBS)is expected to offer an annual return of about 3.7 per cent. Chief operating officer of Danainfra Nasional Bhd Datuk Kamal Mohd Ali said they are confident that the retail sukuk will be able to offer a better return than fixed deposits. He said the offer will be from Jan 8 until Jan 18 and the profit rate will be determined at the close of the book building of the institutional offering. “We are optimistic that the retail sukuk will be able to offer about 3.7 per cent of return per annum,” he told reporters. He added that the profit rate will be based on the demand and the prevailing market interest rate...............................................Full Article: Source
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