INDONESIA - CAPITAL MARKETS - Indonesia Sukuk sold

www.bisnis.com - JAKARTA: Indonesia's debt rating euphoria rise to the level of investment grade auction also took place in the country, aka Islamic securities sold sukuk investors hunted as occurs in conventional Treasury bond auction.
Based on the announcement of the auction results of four series of securities sharia state (SBSN) reported by the Directorate General of Debt Management, MoF, today, the total incoming bids reach Rp 4, 18 trillion, up 37% compared with incoming bids at the last auction in 2010 that only SBSN Rp3 , 05 trillion.  (source)

INDONESIA - AWARDS - IFN Deals of the Year 2011

Commodity Murabaha USD 183 million - TH Indo Plantations Tawarruq applied to refinance shareholder advances from Tabung Haji. The cross-border transaction involves funding properties in Indonesia and addressing local regulations and language requirements.

Trade Finance : Natrindo Telepon Selular (Axis Indonesia) Financing : The winner is the complex and well structured Natrindo Telepon Selular (Axis Indonesia). This was the largest private sector financing in Indonesia in 2011 and first Islamic financing involving China Development Bank supporting the procurement of product and civil works services from Huawei Technologies Company for USD 400 million. The deal also included a USD 450 million syndicated Murabaha and a USD 350 million equipment purchase from Ericsson funded by AB Svensk Eksportkredit and backed by EKN Sweden's export credit agency. The transaction also included a political risk guarantee from the World Bank Groups' Multilateral Investment Guarantee Agency.

Country Winner: Perusahaan Penerbit SBSN Indonesia II USD 1 billion Trust Certificate Issuance : Indonesia'sUSD 1 billion  issuance via Perusahaan Penerbit SBSN Indonesia II represented Indonesia's return to the capital markets with a better credit rating, better pricing and a bigger size. (honorable mention for the Natrindo Telepon Selular (Axis Indonesia).

Source : www.islamicfinancenews.com

INDONESIA - CAPITAL MARKETS - Alhamdulillah ... Sukuk Fund Haji Rp 3 trillion of Publication

REPUBLIKA.CO.ID, JAKARTA - The government issued securities sharia state (SBSN) or sukuk SDHI state-2021B series, which will mature on October 17, 2021 to come. Written statement of the Directorate General of Debt Management, Ministry of Finance in Jakarta, Tuesday (18/10), said, publication of SBSN is done through the placement of Hajj Fund administered by the Ministry of Religious Affairs with the method of 'private placement'.
Placement of funds SBSN pilgrimage to it is a follow-up to the signing of the Joint Memorandum of Understanding between the Minister of Finance and Minister of Religious Affairs on October 22, 2009 on Procedures Placement of Hajj and Endowment Funds People in SBSN by the method of 'private placement'. (source)

INDONESIA - CAPITAL MARKETS - SBI Syariah Limited, BI Push SBSN

EKONOMISYARIAH.ORG - JAKARTA - Bank Indonesia (BI) admitted pushing Sharia State Securities (SBSN) in lieu of Certificates of Bank Indonesia Sharia (SBIS). SBIS limitations as a means of liquidity management of Islamic banking because it did not have underlying assets that make these instruments can not be traded in the secondary market.

According to Associate Economic Analyst, Directorate of Monetary Management BI, Erwin Gunawan Hutapea, SBSN use can be more useful to finance the state budget revenues and expenditures (state budget). "Meanwhile, if only in the SBIS, it will just be a floating fund (idle) and not distributed," he said. (source)

INDONESIA - CAPITAL MARKETS - Auction Result of Government Shariah Securities (SBSN) or State Sukuk on August 2, 2011r

2011 Aug Bi Sukuk Result