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

is it worth to buy ????    

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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.

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.


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

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

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

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....

Should be under-subcribed!!!

Sukuk offer period extended

KUALA LUMPUR: DanaInfra Nasional Bhd, a wholly owned subsidiary of Minister of Finance, Inc, will extend the offer period for its maiden retail sukuk to another week.

The retail sukuk was launched on Jan 8 in what was considered the country's first new asset class in the exchange meant for retail investors. The offer period was opened for 11 days from Jan 8 to yesterday.

However, it will now be extended to another week to give retail investors the opportunity to invest in this new instrument.

The indicative profit rate, which was previously announced at a minimum of 3.7% per annum, has now been fixed at 4% per annum.

The investment offers pre-determined returns in the form of coupons, which are paid out over regular intervals. Investors need only a minimum of RM1,000 as capital to start investing at the initial public offering stage.

This debut issuance will be used to partly fund the MRT project, giving investors the opportunity to diversify their investment portfolio by investing in the nation's key transport infrastructure with the security of a government guarantee with Syariah-compliant returns to boot.

DanaInfra chairman Datuk Mat Noor Nawi said DanaInfra was formed to ensure and facilitate the funding of large infrastructure projects undertaken by the government for the benefit of the general public.

“Our role is one which comes with great responsibility and we are committed to undertake our role with utmost integrity.

“We are proud to be given the privilege to become the first issuer and be able to provide the public the opportunity to share in the growth and wealth of the nation with the launch of the country's debut DanaInfra retail sukuk,” he said in a statement yesterday.

The RM300mil retail sukuk is part of the second series of sukuk being issued this month for a total of RM1.5bil, with RM1.2bil slated for institutional over-the-counter trading for 10-year papers.
http://biz.thestar.com.my/news/story.asp?f...10&sec=business

It is not about extension, it is about its yield.

FD rate now is 3.x% for 1 year, as retailer why one want to opt a sukuk/bond that yield is almost the same with FD?
(bare in mind buy/sell need to incur commission charges which can be range from 0.1*% ~ 0.42%, I assumed it may be traded like ordinary stocks and incurred the same commission if one incurred 0.4% at 3.7%, net yield is only 3.3%)
(If incurred both way buy & sell, then 0.4% x 2, like that lower than FD, it doesn't make sense for retailers already)

It needs to provide better yield like at least around 1% higher than any FD can be offered out there.

Amount : Up to RM100,000,000.00
Nominal Value Tenure : 15 years
Profit rate : 4.58% per annum
Opening date for Danainfra Retail Sukuk offering : 24 October 2013
Closing date for Danainfra Retail Sukuk offering :15 November 2013
Listing and commencement of trading : 28 November 2013

Got some queries -
1) Any balloting for this ? balloting. else invest as Instuitional investor thru Bank.
2) If no balloting, do U get the bond the next working and interest start from that day ? wait until the listing day
3) What happens if more than RM100m applicants, the offer will stop and those who apply after RM100m will get refunded ?
    balloting, you may heard someting is over subscription...there is min allocation but only few percentage will hv full..the higher you put..the changes you get higher but the unit give will be less what you apply.  

1)&2) Bond always being redeemed at face value, disregard the market price.

3) Yes, but market generally taking into account already, the bond won't be traded at Rm90, if it is going to be matured tomorrow.
Who is the water fish to sell at Rm90, when tomorrow can get Rm100? 
Unless there is a risk of default.
Single tier system already in place many years back.

Old imputation dividend system is going to be obsolete next year. In other word, start next year, all dividend is under single tier.
Those tax credit under old imputation system will be obsoleted.

100% success because no one wants .... 

what is the coupon rate?

lets see go through bond calculator...

If invest RM 1000, 4.58% coupon, yield to maturity is 15 years.

If hold until maturity.. then total money receive = RM 1000 (capital) + RM 687 (Interest-not reinvested) = RM 1,687

Annualized return on investment 3.55%

hmm.. not much more than FD... Better to buy reit... at least got some rental increase...

U should check out the 1st tranche balloting to guess that this 2nd tranche will also be 100% successful. Next time, check 1st B4 shooting. Bullets are valuable...so don't simply shoot and waste your bullets.

My application was successful

Congrats ! When listing ?

Bro, congratulations to both of us. Please check your application status at MIH and share with me your surprise. If it is correct what both of us see in CDS tomorow, then what ever Dana price  open up will be full 100% bonus. Please check and share with me ok

Agree, absolutely no bonus...the best it could do is maybe go to 102 vs IPO price of 100...this is a bond, not a stock.

felixmask You sold your sukuk already?