At the launch, Tun Mohamed Dzaiddin Hj Abdullah, Chairman, Bursa Malaysia, said, "With the ETBS launch, Bursa Malaysia will be able to provide, not just an additional product, but a unique investment grade instrument to the investment community.
The debut issuance of the ETBS or DanaInfra Retail Sukuk will be used to partly fund the MRT project, giving all investors the opportunity to invest in the nation's key transport infrastructure and receive a Shari'ah-compliant return, with the security of a government guarantee of up to MYR 8 billion.
To further incentivise trading of ETBS on Bursa Malaysia, investors will enjoy non-taxable coupon payments thereby providing better returns on the ETBS.
Dato' Tajuddin Atan, Chief Executive Officer, Bursa Malaysia, said, "The introduction of ETBS complements the exchange's goal to offer a diverse range of tradable products.
He said, "Introducing new investment products and asset classes on Bursa Malaysia, such as the ETBS, create a regionally-competitive environment in Malaysia.