Money

Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realize we cannot eat money. ~Cree Indian Proverb

Tuesday 8 January 2013

DanaInfra Retail Sukuk (ETBS)

     Malaysia’s first exchange-traded bonds and Sukuk (ETBS) launched today is expected to offer an annual return of about 3.7 per cent. The offer will be from Jan 8 until Jan 18. 

(to be continue...)

    And the catch is...the profit rate will be determined at the close of the book building of the institutional offering Jan 18!! What interest me again is the tax incentive! see below.



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2 comments:

  1. MYventura8 January 2013 at 22:05

    i hope I didn't read it wrong, the maturity date is 10th anniversary of the issued date = 10 years. Wow, it's too long. wonder the investors are allowed to withdraw before matured date.

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    Replies
    1. Bailout8 January 2013 at 22:52

      Yes, 10 Year. That's how bond usually issued. Investor can buy and sell the bond during the 10 year to make money. However, this Exchanged Traded Bond is to track the price of bond up and down during this 10 years. The investor of ETBS is not really buying the bond Sukuk. Unlike Amanah Saham or so forth.

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