FINANCIAL MARKETS - Mega Syariah issues IDR300 billion bond

JAKARTA: PT Bank Syariah Mega Indonesia plans to issue IDR300 billion bond to support the expansion of corporate financing this year.

Director of Bank Mega Syariah Beny Witjaksono said the bond issuance to be conducted in quarter II/2011.

Currently, he said, the company’s capital adequacy ratio (CAR) is still within secured area at 12.4%.

“We still have no plan to add the capital in first quarter but it is possible that we will conduct bond issuance in second quarter,” he told Bisnis, yesterday.

VIDEO - AFP - Indonesia launches Islamic bonds to alleviate economic deficit

http://www.videocrux.com/video/5845/Indonesia-launches-Islamic-bonds-to-alleviate-economic-crisis

I did find this video on Islamic finance in Indonesia on the website (added April 10, 2009), but you can only view it when going to the website.

SUKUK - Sukuk Four-Year Low Yields Fail to Deter Funds: Islamic Finance

Aug. 20 (Bloomberg) -- Islamic bond yields at four-year lows are failing to deter investors amid a flagging global recovery and dwindling new issuance of sukuk.

The average yield on dollar-denominated notes that comply with religious principles from Dubai to Malaysia fell 25 basis points, or 0.25 percentage point, so far this week to 5.22 percent, the lowest level since November 2005, according to the HSBC/NASDAQ Dubai US Dollar Sukuk Index. The yield has dropped 204 basis points this year.