KUALA LUMPUR (Sept 17): Malaysia’s infrastructure financing entity DanaInfra Nasional Bhd plans to issue a sukuk programme and a revolving credit facility programme worth a combined RM7.6 billion.
The programmes comprise an Islamic medium term notes (IMTN) and Islamic commercial papers (ICP) programme, as well as a syndicated revolving credit facility (RC-i Facility).
The federal government has ordered for remission of tax and stamp duty for both programmes, according to a federal gazette issued on Sept 14.
The full tax remission covers DanaInfra, any holder of the ICPs and the IMTNs, any financier of the RC-i Facility, and any other party to the related instruments or documents.
Similarly, the stamp duty payable in relation to the programmes will be remitted in full, the gazette said.
DanaInfra is mandated to execute and implement fundraising and payment strategies covering MRT1 Sungai Buloh-Kajang, MRT2 Sungai Buloh-Serdang-Putrajaya, and Phase 1 of the Pan Borneo Sarawak highway project. -The Edge Markets