DanaInfra Nasional Berhad successfully made its first issuance of the year under its RM13.0 billion Sukuk Murabahah Programme.

DanaInfra Nasional Berhad (“DINB”) has successfully made its first issuance of the year amounting to RM2.2 billion in nominal value of Sukuk Murabahah on 24 February 2021. This marks its fifth issuance of Sukuk Murabahah under its existing RM13.0 billion Sukuk Murabahah Programme (“Sukuk Programme”). The Sukuk Programme is irrevocable and unconditionally guaranteed by the Government of Malaysia.

Kenanga Investment Bank Berhad as the Joint Lead Manager, played a significant role in the book building process that was closed on 10 February 2021 and was instrumental for the success of this transaction. The issuance was over-subscribed by approximately 1.65 times.

Proceeds from the issuance will be utilised to finance amongst others the Shariah-compliant expenditures and/or payments in relation to the Pan Borneo Highway.

The issuance comprises FOUR (4) tranches as shown below;

Tenure
(Year)
Yield-to-Maturity
(% per annum)
Tranche Size
(RM Million)
7 2.84 700
10 3.18 400
15 3.79 400
30 4.36 700