Published On: Sun, May 6th, 2012

Bursa Malaysia Consults on Rule Amendment for Exchange Traded Bonds

Bursa Malaysia today 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 Malaysian government, local and foreign corporations on the stock exchange.

The introduction of the Exchange Traded Bonds (ETB) initiative is in line with one of Bursa Malaysia’s 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 choices 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 Berhad Main Market Listing Requirements relating to the admission and post listing obligations of an issuer of ETB for public comment.

Additionally, the Exchange has also included in the consultation paper for public feedback, proposed consequential amendments to the Rules of Bursa Malaysia Securities Berhad, 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 to the consultation paper is 18 May 2012.

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