KUALA LUMPUR Aug 19 DanaInfra Nasional Bhd, a
company created by Malaysia's finance ministry to raise funds
for the country's most extensive infrastructure project, said on
Tuesday it has raised 100 million ringgit ($31.68 million) with
The company received 400 applications worth 3.95 million
ringgit from retail investors and four applications worth 100
million ringgit from placement agents, it said in a statement.
The participating banks were AmBank, CIMB,
Maybank and RHB Capital Bhd.
Proceeds of the sale will be spent on extending the capital
city's Mass Rapid Transit (MRT) rail network to suburban Kuala
Lumpur and the broader Klang Valley, where the government
expects the population to reach 10 million by 2020 from the
current 6 million.
DanaInfra last raised 2.5 billion ringgit with three sukuk
issues in July. The finance ministry has
authorized DanaInfra to raise a total of 8 billion ringgit by
($1 = 3.1570 Malaysian ringgit)
(Reporting By Al-Zaquan Amer Hamzah; Editing by Matt Driskill)