SINGAPORE - FINANCE - Sabana Reit to buy Serangoon North property for $61m

www.businesstimes.com.sg  -Sabana Shari'ah Compliant Industrial Real Estate Investment Trust plans to acquire a Serangoon North Ave 5 property for $61 million.

Its manager, Sabana Real Estate Investment Management Pte Ltd, said on Wednesday that its trustee, HSBC Institutional Trust Services (Singapore) Limited, has entered into a sale and purchase agreement with Ban Teck Han Enterprise Co Pte Ltd for the purpose-built five storey light industrial building with a mezzanine level.  (source)

INDONESIA - CAPITAL MARKETS - Indonesia to raise 1t rupiah sukuk in auction

(JAKARTA) Indonesia's finance ministry plans to raise one trillion rupiah (S$141.5 million) from a sukuk auction on Aug 2, including by issuing its first six-month syariah T-bills, the debt office said yesterday.

Syariah T-bills are seen as instruments that can add more depth to Indonesia's syariah bond market, which is far less liquid compared to neighbour Malaysia. (source)