According to a report in The Star, the Chinese subscription of the ASM bond units have been fully taken up according to their given quota of 999 million units. However, there’re lots more units not taken up in the Bumiputera and Indian quotas, totalling some 2 billion units.
This fact has left me with a burning question. Can these “unwanted” units be opened up to those who are interested to buy instead of waiting for and urging people who are not interested in these bonds to pick them up?
If by the end of the initial offer period there are still billions of these units left unsold, I don’t see why the balance of the ASM bond units should not be opened up to interested investors.
Surely the government would like a full take-up rate on these bonds so that they are able to raise maximum funds from this sale of the Amanah Saham Nasional bonds. It’s win win for everybody.
