INDONESIA: The government will likely sell a global sukuk
later than September, Rahmat Waluyanto, director general at the
finance ministry’s debt management office, said in Jakarta.
Indonesia doesn’t have urgent funding needs and is looking for
the right timing for the sale because of global market
conditions, Waluyanto said. The government will sell a
“maximum” of $1 billion of Islamic bonds, Finance Minister
Agus Martowardojo said Aug. 23. (source)
KUALA LUMPUR KEPONG BHD. (KLK) : The Malaysian palm oil producer
plans to sell as much as 300 million ringgit of Shariah-
compliant bonds under a medium-term program, it said in a stock
exchange filing. CIMB Investment Bank Bhd. and Maybank
Investment Bank Bhd. will be principal advisers, the company
said.
EMERY OLEOCHEMICALS GROUP: The producer of plastic
additives is proceeding with plans to sell 480 million ringgit
of Islamic bonds in the fourth quarter, CEO Dr. Kongkrapan
Intarajang said. Emery is a joint venture between PTT Chemical
International Private Ltd., a unit of PTT Chemical Pcl, and Sime
Darby Plantation Sdn., owned by Malaysia’s Sime Darby Bhd.
PT BANK MUAMALAT INDONESIA: Indonesia’s second-largest
Islamic bank will sell $50 million of dollar-denominated sukuk
with a maturity of not more than five years in 2011, Hendiarto,
chief financial officer at the bank, told reporters on July 21.
The lender is also planning to sell 800 billion rupiah ($89
million) of local currency Islamic bonds, Hendiarto said.
INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT CORP.: The
global institution set up by central banks from countries
including Malaysia and Bahrain plans to sell $200 million to
$300 million of short-term Islamic bills before the end of 2011,
Chief Executive Officer Mahmoud AbuShamma said in an interview.
The first issuance will likely have a maturity of three months
and will be denominated in dollars, he said. IILM will also sell
Shariah-compliant bonds maturing in more than five years,
AbuShamma said, declining to give a timeframe.
ISLAMIC BANK OF THAILAND: The state-owned lender may sell
$150 million of Shariah-compliant bonds overseas by the end of
this year, Dheerasak Suwannayos, president of the Bangkok-based
bank, said in an interview on June 29. The bank also plans to
raise 5 billion baht ($163 million) in the country’s first
domestic sale of sukuk in the third quarter, he said. Three
real-estate firms also plan to sell as much as $500 million of
notes, he said on Feb. 17.
KENCANA PETROLEUM BHD. (KEPB): The Malaysian oil and gas services
company is planning 350 million ringgit of five-year sukuk with
detachable warrants, and a second five-year Islamic bond of 700
million ringgit, RAM Rating Services said in a report.
PT BANK SYARIAH BRI: The Islamic banking arm of Indonesia’s
second-largest lender by assets may sell sukuk in the next one
to two years to support expansion, President Director Ventje
Rahardjo told reporters in Jakarta.
POH KONG HOLDINGS BHD. (PKH): The Malaysian jewelry maker plans
to sell 150 million ringgit of Islamic debt, which will be
backed by Danajamin Nasional Bhd., a state bond guarantee agency,
the company said in a Kuala Lumpur exchange filing.
NU SENTRAL SDN.: The joint venture between Malaysian
Resources Corp. and Pelaburan Hartanah Bhd. will offer as much
as 600 million ringgit of Shariah-compliant notes, the company
said in a statement. The proceeds will be used as an advance
lease payment on a shopping mall under construction in Kuala
Lumpur, according to the statement.
...
Source: http://www.bloomberg.com/news/2011-09-20/tenaga-nasional-midciti-indonesia-saudi-islamic-bond-alert.html - Sept 20, 2011
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