KUALA LUMPUR (May 4): Bursa Malaysia has published a consultation paper seeking public feedback on proposals aimed at facilitating the listing and quotation for trading of sukuk and bonds issued by the government, local and foreign corporations on the stock exchange.
The local bourse said the introduction of the Exchange Traded Bonds (ETB) initiative was in line with one of its strategic priorities to offer a diverse range of tradable products on the exchange and to elevate the bourse to be the leading marketplace in Asia.
"ETB, a project under the National Key Economic Areas (NKEA), is aimed at offering greater choice for investors who are seeking investment grade products that yield stable returns with capital protection.
"Aside from enhancing the diversity of products offered to investors, this initiative is also expected to attract a new segment of investors into the market and provide issuers with greater flexibility in their fund raising exercises.
"The consultation paper sets out the proposed amendments to Bursa Malaysia Securities Bhd Main Market Listing Requirements relating to the admission and post listing obligations of an issuer of ETB for public comment," Bursa Malaysia said in a statement.
It added that additionally, it has also included, in the consultation paper for public feedback, proposed consequential amendments to the Rules of Bursa Malaysia Securities, Rules of Bursa Malaysia Depository Sdn Bhd and Rules of Bursa Malaysia Securities Clearing Sdn Bhd to facilitate the ETB framework.
"The consultation paper is available on Bursa Malaysia's website at www.bursamalaysia.com.
The deadline for comments on the consultation paper is May 18, 2012," the local bourse said. — Bernama
The local bourse said the introduction of the Exchange Traded Bonds (ETB) initiative was in line with one of its strategic priorities to offer a diverse range of tradable products on the exchange and to elevate the bourse to be the leading marketplace in Asia.
"ETB, a project under the National Key Economic Areas (NKEA), is aimed at offering greater choice for investors who are seeking investment grade products that yield stable returns with capital protection.
"Aside from enhancing the diversity of products offered to investors, this initiative is also expected to attract a new segment of investors into the market and provide issuers with greater flexibility in their fund raising exercises.
"The consultation paper sets out the proposed amendments to Bursa Malaysia Securities Bhd Main Market Listing Requirements relating to the admission and post listing obligations of an issuer of ETB for public comment," Bursa Malaysia said in a statement.
It added that additionally, it has also included, in the consultation paper for public feedback, proposed consequential amendments to the Rules of Bursa Malaysia Securities, Rules of Bursa Malaysia Depository Sdn Bhd and Rules of Bursa Malaysia Securities Clearing Sdn Bhd to facilitate the ETB framework.
"The consultation paper is available on Bursa Malaysia's website at www.bursamalaysia.com.
The deadline for comments on the consultation paper is May 18, 2012," the local bourse said. — Bernama
