Malaysia launches first exchange traded bonds, Sukuk (Update)

The first exchange traded bonds and Sukuk (ETBS) has been launched on Tuesday. The sukuk was launched by Prime Minister Datuk Seri Najib Tun Razak, who explained that the retail offering would make it possible for citizens to have a stake in the country's success. Danainfra Nasional Bhd is allocating as much as RM300mil under this issuance. The initial tranche will be used to fund the first phase of the MRT Kajang to Sungai Buloh line.