DanaInfra Nasional Berhad Successfully Issued RM2.5 billion IMTN under its RM13.0 billion Sukuk Programme

DanaInfra Nasional Berhad (DanaInfra) successfully issued RM2.5 billion IMTN under its RM13.0 billion Sukuk Murabahah Programme (Sukuk Programme) recently. This Sukuk Programme is irrevocably and unconditionally guaranteed by the Government of Malaysia.

The issuance of RM2.5 billion recorded an over-subscription rate of 2.22 times and Kenanga Investment Bank Berhad (KIBB) played a significant role in the book-building process that was closed on 4 September 2019. This is the 3rd time KIBB is involved in DanaInfra strategic fund raising exercise.

This issuance comprises of 6 tranches as below and proceeds from the issuance will be utilised for, among others, construction costs and progressive payments to contractors, operating and transactional costs and expenses as well as financing costs in connection with the Pan Borneo Highway Project.

Kenanga Investment Bank Berhad is the Joint Lead Manager

Aggregate Nominal Value Tenure Yield-to-Maturity
RM250 million 7-year 3.34% per annum
RM400 million 10-year 3.47% per annum
RM350 million 15-year 3.62% per annum
RM400 million 20-year 3.69% per annum
RM500 million 25-year 3.80% per annum
RM600 million 30-year 3.90% per annum

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