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Saturday May 5, 2012

Bursa seeks response on sukuk listing plan

PETALING JAYA: Bursa Malaysia is seeking public feedback on its proposal to facilitate the listing and quotation for trading of sukuk and bonds issued by the Malaysian government as well as local and foreign corporations on the stock exchange.

“The introduction of the exchange-traded bonds initiative is in line with one of Bursa's strategic priorities to offer a diverse range of tradable products on the exchange and to elevate the bourse to be the leading marketplace in Asia,” it said in a statement.

A project under the National Key Economic Areas, the proposal is aimed at offering greater choices for investors seeking investment grade products that yield stable returns with capital protection.

Aside from enhancing the diversity of products offered to investors, it was expected to attract a new segment of investors into the market and provide issuers with greater flexibility in their fund-raising exercises, the stock exchange added.

The consultation paper is available on Bursa's website at www.bursamalaysia.com. The deadline for comments is May 18.

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