Exchange Traded Bonds ("ETB")
What is the main difference between a listing of
sukuk or debt securities on Bursa Securities as ETB and under the Exempt
ETB are sukuk or debt securities which are listed and quoted for trading on Bursa Securities. As trading is available on Bursa Securities' platform, it allows all investors, including retail, sophisticated and institutional investors to participate in bonds trading in a transparent manner.
Listing of sukuk or debt securities under the Exempt Regime means the sukuk or debt securities sought to be listed on Bursa Securities will not be quoted or traded on Bursa Securities. This regime is specifically for issuers which intend to list its sukuk or debt securities on Bursa Securities for listing status and for profiling purposes, and where the targeted group of investors is sophisticated investors. Trading of sukuk or debt securities under the Exempt Regime takes place over-the-counter and is inaccessible to retail investors.