Thursday, April 28, 2011

CAPITAL MARKETS - Indonesia to issue global sukuk this year, cancel samurai

According to Dow Jones Newswire, Indonesia plans to issue USD 1bn of global sukuk (Islamic bonds), in the second half of 2011. The government is likely to cancel its previously planned JBIC-guaranteed samurai bond issuance which is not supposed to be in good demand from damaged Japanese market. (full story)

Issuer profile:
Indonesia is a country in Southeast Asia and Oceania.
Area – 1 919 440 sq.km (16th).
Population – 237,5 mln. (4th)
The capital is Jakarta.
Official language – Indonesian.
Local currency – Rupiah (IDR).
Government – Presidential republic.

Outstanding issues:
  13 issue(s) outstanding worth USD 19 350 000 000
  1 issue(s) outstanding worth JPY 35 000 000 000

Issuer's rating:

Moody's Investors Service Ba1/Stable Int. Scale (foreign curr) 17.01.2011
Standard & Poor's BB+/Positive Int. Scale (foreign curr.) 08.04.2011
Fitch Ratings BB+/Positive Int. Scale (foreign curr.) 24.02.2011

Source : http://www.cbonds.info/em/eng/news/index.phtml/params/id/498187- April 27, 2011

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