Name of bond

• Bon Simpanan Merdeka 2009 (BSM)

Date of issuance/ Sales period

• 18 March 2009
  ( Sale period 18 Feb to 17 March 2009)

Allocation of BSM

• First come first serve basis

Total BSM size

• RM2 billion

Bond type

• The BSM is issued based on the Commodity Murabahah contract in accordance with the Syariah

Tenure

• 3 years

Profit to investors

• 5 % per annum

Frequency of profit payment

• Profit will be paid on a monthly basis by crediting directly into the BSM holder's account maintained with the Agent Bank

Eligibility

• Malaysian citizens who are 56 years and above
• Malaysian citizens who are retired on medical grounds regardless of age

Minimum holding

• Minimum holding per BSM holder is RM1,000 at the point of application and in a multiple of RM100 e.g. RM1,100, RM1,200, etc.

Maximum holding

• Maximum aggregate holding per BSM holder is RM50,000 at any one point of time (for duration 2009 to 2012)

Early redemption

• BSM holder may redeem the BSM before the maturity date but only after the first profit payment date. The profit payments will be apportioned on daily rest basis.
• Minimum redemption amount allowed is RM100 and in multiples of RM100

Form of instrument

• Scripless

Agent banks

• Commercial banks, including Islamic banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan Nasional and Agrobank

Tax exemption

• Returns on the BSM to be exempted from tax

Transferability and assignability

• The BSM is non-negotiable, non-transferable and non-assignable