Bloomberg news update (8 Jan 2013) Malaysia, Southeast Asia’s biggest local-currency bond market, will let retail investors fund Kuala Lumpur’s new subway as it starts marketing its first exchange- traded notes to individuals.

Bloomberg news update

Malaysia, Southeast Asia’s biggest local-currency bond market, will let retail investors fund Kuala Lumpur’s new subway as it starts marketing its first exchange- traded notes to individuals.

DanaInfra Nasional Bhd., the state-owned company that’s financing the rail network, is kicking off the offerings and plans to complete the sale of Islamic bonds by Feb. 8, according to a statement today.

The notes will pay a minimum profit rate of 3.7 percent, depending on demand and market interest, it said.

Book building starts today.