www.livetradingnews.com -Indonesia is scheduled to sell sovereign Islamic bond on 26 June at
indicative value of 1-T Rupiah (about US$106.4-M), aiming at financing
the state budget this year, a statement released by the financial
ministry said Wednesday.
The sale of the Islamic bond would be conducted through auction
basis, to sell 4 series of the bond, maturing from Y’s 2018 to 2037 and
providing rate of returns between 4.45 to 6.10%.
In its revised budget this year, Indonesian government has proposed
to raise net bond sales by 25-T Rupiah to 159.6-T Rupiah this year due
to widening budget deficit. (source)
International rating agencies of Moody’s and Fitch have awarded
investment grade rating earlier this year for the soundness of
Indonesia’s economy and correct government’s policies in dealing with
financial crisis that has been battered global economies in the recent
years.
Source: http://www.livetradingnews.com/indonesia-to-sell-us106-4-m-islamic-bond-77435.htm#.T-QwppHvovZ - June 20, 2012
No comments:
Post a Comment