Danainfra third issuance of retail Sukuk oversubscribed

KUALA LUMPUR: Danainfra Nasional Bhd, set up the Finance Ministry to raise funds for the Klang Valley Mass Rapid Transit project, reported its third DanaInfra Retail Sukuk of one million units valued at RM100mil in nominal value was oversubscribed.

Malaysian Issuing House Sdn Bhd (MIH) on Tuesday 400 applications representing RM3.95mil in value was received from the Malaysian public. It added four applications representing RM100mil in value were also received from the placement agent.