INDONESIA - CAPITAL MARKETS - Adhi will be $ 1 Billion Bond Issue to redeem outstanding bonds and sukuk second quarter 2012

www.investordaily.com - JAKARTA - PT Adhi Karya Tbk (ADHI) plans to hold a public offering of sustainable (PUB) of bonds in the second quarter of 2012. State-owned construction it is targeting to raise a total of Rp 1 trillion.
Adhi Karya will use the proceeds to pay off the bond issue (refinancing) bonds and sukuk worth Rp 500 billion. Adhi Karya IV bonds worth Rp 375 billion and Sukuk Mudaraba I worth Rp 125 billion will mature on July 6, 2012. (source)

INDONESIA - TAKAFUL - Asuransi Wanaartha looking towards Takaful

Jakarta (14 / 7) - The small number of Takaful players make some existing conventional insurance begin to look to the sector. One is insurance Wanaartha. Insurance which had stood for 37 years.

"We are concerned with the Islamic sector. Therefore we are exploring possibilities to publish Islamic insurance products, "said President Director WanaArtha Life, Eddy KA pkesinteraktif.com Berutu when met at his office. (source)

CAPITAL MARKETS - SUKUK - Adhi Karya I profit share

On Sept 23, 2010 Adhi Karya Sukuk I (Mudharaba) declared a profit share of Rp 4.5 billion on a total investment of Rp 125 billion.  It was the net profit as a result of Rp 6.21 billion on the RSUD Batam and Rp 8.94 billion on the PDAM Dumai projects.