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.
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 in 2012, Hendiarto said. (source)
ISLAMIC BANK OF THAILAND: The state-owned lender plans to raise 5 billion baht ($163 million) in the country’s first domestic sale of sukuk this year, Dheerasak Suwannayos, president of the Bangkok-based bank, said in an interview. The bank is awaiting clarification from government regulators on tax breaks for Shariah-compliant bonds before proceeding with the issue. It will sell $150 million of Islamic bonds overseas once the local-currency offering is completed, Dheerasak said.
KOREA DEVELOPMENT BANK: South Korea’s state-owned policy bank started a program to sell as much as 3.5 billion ringgit of Islamic and non-Shariah-compliant bonds in Malaysia, RAM Rating Services said in a report on Nov. 4.
INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT CORP.: The global institution set up by central banks from countries including Malaysia and Qatar postponed the industry’s first global issuance of Shariah-compliant dollar bills to next year as the multilateral agency awaits a credit rating. “It has been a long process to get a rating, to get quality underlying assets and to obtain all the parameters for the issuance,” Malaysia’s central bank Governor Zeti Akhtar Aziz, who is also chairman of the body, told reporters in Kuala Lumpur. “We expect the first issuance to be in the next six months.”
Source : http://www.bloomberg.com/news/2011-11-22/majid-al-futtaim-plus-al-hilal-dana-gas-islamic-bond-alert.html# - Nov 22, 2011
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