The government has approved the utilisation of investors’ EPF Account 1 to direct investment to include ETBS instruments or government and government-guaranteed bonds and sukuk through authorised agents

The government has approved the utilisation of investors’ EPF Account 1 to direct investment to include ETBS instruments or government and government-guaranteed bonds and sukuk through authorised agents ETBS to offer 3.7% return https://www.facebook.com/LabourBulletin KUAL LUMPUR (Jan 8, 2013): Malaysia's first exchange-traded bonds and sukuk (ETBS) launched today is expected to offer an annual return of about 3.7%. DanaInfra Nasional Bhd COO Datuk Kamal Mohd Ali said it is confident that the retail sukuk will be able to offer a better return than fixed deposits. He said the offer will be from Jan 8 until Jan 18 and the profit rate will be determined at the close of the book building of the institutional offering. "We are optimistic that the retail sukuk will be able to offer about 3.7% of return per year," he told reporters here today. He added that the profit rate will be based on the demand and the prevailing market interest rate. Kamal said the retail sukuk's coupon rate will be announced on Feb 8 following a book-building exercise. "There was a total RM8 billion of issuance which we will issue on a quarterly basis depending on the requirements of the MRT project." Four participating financial institutions have been appointed by DanaInfra. They are AmBank Group, CIMB Group, Malayan Banking Bhd, and RHB Capital Bhd. ETBS are listed fixed income securities, also known as bonds or sukuk, traded on the stock exchange. This 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. To further incentivise trading of ETBS on Bursa Malaysia, investors will enjoy non-taxable coupon payments thereby providing better returns on the ETBS. The government has also approved the utilisation of investors’ EPF Account 1 to direct investment to include ETBS instruments or government and government-guaranteed bonds and sukuk through authorised agents. – Bernama copy from:::http://www.thesundaily.my/news/583798 https://www.facebook.com/LabourBulletin https://www.facebook.com/LabourBulletin https://www.facebook.com/LabourBulletin