RM2.4b Sukuk 1Malaysia up for subscription

THE RM2.4 billion Sukuk 1Malaysia 2010 is ready for subscription from Tuesday, the Finance Ministry said Wednesday.

Minimum subscription is RM100 and in multiples of RM100 per investor.

"Beginning June 22, investors can buy and sell the sukuk (Islamic bond) at agent banks. The sukuk purchase is based on a first-come first-served basis, with no maximum limit, subject to availability of the sukuk sold by existing sukuk holders," it said.

It said selling and buying prices are calculated based on the principal amount at par plus accrued profit.
The sukuk issued on Monday was allocated to 74,781 investors.

-- BERNAMA