www.bisnis.com - JAKARTA: Indonesia will sell dollar- denominated sukuk toward the end of the year, according to Dahlan Siamat, director of Islamic financing at the debt management office, if it gets approval from the finance minister.
Siamat declined to disclose the size of the offer, saying in an interview in Jakarta today that “we have figures for the amount in the report we sent to the finance minister, but he will be the one to decide.”
The nation last sold global Shariah-compliant debt on Nov. 14. (source)
The US$1 billion of debt due November 2018 was auctioned at a yield of 4%, compared with 8.8% at Indonesia’s debut sale of five-year Islamic dollar bonds in 2009. The yield on the 4% notes due November 2018 increased four basis points, or 0.04 percentage point, to 4.17% today, data compiled by Bloomberg show.
Average yields on global sukuk, which pay returns from assets to comply with Islam’s ban on interest, fell one basis point to 3.73% on June 1, the HSBC/NASDAQ Dubai US Dollar Sukuk Index shows. (Bloomberg/aph)
Source: http://en.bisnis.com/articles/indonesia-to-sell-dollar-denominated-sukuk-toward-end-of-2012 - June 4, 2012
No comments:
Post a Comment