any comments on this new sukuk??? what say u guys???

is it worth to buy ????

------------------------------------------------------------------------


This Offer is currently open for subscription through Maybank2u. You can apply for the DanaInfra Retail Sukuk and check your application status conveniently online, wherever you are.

Sukuk Issue Number : 537
Sukuk Name : DanaInfra Retail Sukuk
Opening Date : 8 January 2013
Closing Date : 18 January 2013
Unit Price : RM100.00
More information on DanaInfra Retail Sukuk is available through its knowledge pack and at www.danainfra.com.my as well as www.bursamalaysia.com/etbs.

Cant find the profit rate......anyone spotted? I see sample calculation 3.74%....dam little from my public mutual bond fund.

below the link: DanaInfra Profit rate
http://biz.thestar.com.my/news/story.asp?f...5&if_height=663

This post has been edited by felixmask: Jan 8 2013, 10:55 AM


Attached File(s)
 DanaInfra_Retail_SukukKnowledgePack.pdf ( 1.96mb ) Number of downloads: 196
 DanaInfra_Retail_Sukok_Terms_Conditions.pdf ( 103.34k ) Number of downloads: 126

Not interested....

http://www.bursamalaysia.com/market/securi...and-sukuk-etbs/

This post has been edited by zitis: Jan 8 2013, 10:48 AM

It is a sukuk (or islamic bond), so it is about how much the yield it can be.
It is not a ordinary stock with dividend.


The rate is not attractive, that at 3.x% little different with FD. My pov at current situation.

Unless the sukuk bond price goes down (which highly unlikely for current situation), that make the yield higher, only then it is attractive.

This post has been edited by cherroy: Jan 8 2013, 11:08 AM

Updated: from dividen to profit rate for correct Terminology

Dam little, must wait and see got other yield more then this one

At the moment,
bond is highly after worldwide (that's why we see bond funds generally have good performance across last few years), aka bonds are having good time across the global, there is high demand for bond, so for high quality bond or Sukuk, generally we won't see very high yield across.

their main selling point is their guarantor?

Section 2

2.2  Profit Payment is guaranteed by the GoM

No harm to use it as temporary parking tool, right

Worst case is 3% return than 30% deprecation throughout ....

If u foresee market is going to crash anytime

Wise man says it is better to predict a small return than expecting a higher gain ( but often turning out to be the big loss )

BTW, We also need tools working the opposite directions of share markets, not just returns per se.

Just 3sen talking only

This post has been edited by SKY 1809: Jan 8 2013, 12:01 PM

Expected interest of 3.74p.a is not so attractive, just little above the FD rate.

Also need to apply through ATM/eshares just like applying IPO & trading just like normal shares on bursa malaysia.

If a person have CDS & Trading account, they can just buy shares / IPO that offers higher dividend yield then buying this Sukuk Dana Infra Nasional.

just my personal opinion

invest in your own risk & final decision is yours

This post has been edited by davinz18: Jan 8 2013, 04:10 PM

This parking might be one way one... at 3.74% that's hardly attractive... Maybe can buy at open market with cheaper price later

Anyhow is comfirm 3.74 profit rate? or hv to wait till closing?

Haha... everyone say so, but don't even see the prospectus leh... But 3.74% hardly inspiring for a search

I read prspectus cant find the profit rate, only find in sample calculation and thestar.

Got stated:
How will the Profit Rate be determined?
The Profit Rate will be determined at the close of the book building of the institutional offering.
It will be determined and the prevailing market interest rate.



No one know until.......the closing date...

Wait and see tmorw news ....

3.74% is much better than German Bonds, don't u think so

But not so attractive when u compare that to Greece one.

Maybe u can sell for a 1.5% gain in the open market also....

got fee selling back: 0.33% of trade value;
Quote form prospetus:

How much is the transaction cost to buy and sell DanaInfra Retail Sukuk?
There will be no fee at the point of subscription. However, the
transaction cost in the secondary market is 0.33% of the trade value.

This post has been edited by felixmask: Jan 8 2013, 05:06 PM

wow, so high.

Good for the bankers, and bad for retailers

Another money making tool for the bankers/brokers

This post has been edited by SKY 1809: Jan 8 2013, 05:18 PM

About 30bps higher than 10y MGS and 25bps higher than 10y GII. the pricing is very "institutional" so i don't see why it should call retail bond.

If secondary trading is subject to "secondary market is 0.33% of the trade value", i don't think it will inspire a vibrant retial bond market in malaysia.....

Saw they promoting the advertisement on the MRT construction site at Jalan Bukit Bintang. A too good to be true offer?

guys,
The fees involved will be as per normal brokerage charges.
and, minimum return is 3.74%p.a. and after book building will announce the return, is either equal or higher.
The only chance for those hoping for 1.5% capital during listing is only possible when BNM announce OPR to reduce substantially.
Please be informed that in increasing interest market environment, if you sell your danainfra prior to maturity, very likely you will experience capital loss.