INDONESIA - CAPITAL MARKETS - Indonesia to auction 1st project-based sukuk on Oct 11

(JAKARTA) Indonesia will offer its first project-based sukuk in an auction on Oct 11, a senior Finance Ministry official said yesterday, a move that will increase the supply of syariah instruments in the less-developed local sukuk market.  (source)

CAPITAL MARKETS - Indonesia May Sell First Sukuk Backed by Road, Rail This Month

May 5 (Bloomberg) -- Indonesia may hold its first sale of sukuk backed by road and rail projects on May 31, said Dahlan Siamat, director of Islamic finance at the finance ministry.

The ministry is waiting for parliament to approve 30 trillion rupiah ($3.5 billion) of state-owned land and office buildings to be used to back sukuk offerings, Siamat said in an interview in Jakarta on May 4. Shariah-compliant bonds pay return on assets to comply with Islam’s ban on interest. (full story)