Showing posts with label switch. Show all posts
Showing posts with label switch. Show all posts

Tuesday, July 03, 2012

INDONESIA - CAPITAL MARKETS - Government plans Sukuk debt switch

www.ibpa.co.id - JAKARTA. The government wants to encourage increased liquidity Sharia Government Securities (SBSN) or sukuk country. After plans to form a primary dealership (PIDIS) or sukuk primary dealers, the government is now exploring the repurchase (buyback) sukuk debt switch mechanism or exchange.

Director General of Debt Management, Ministry of Finance, Waluyanto, said it is reviewing the government's debt sukuk switch to provide greater liquidity in the Islamic market. Moreover, there will be a series of sukuk, which will mature. But Grace still can not divulge the series that can be exchanged.

Fatati Sriwahyuni​​, Head of Transaction Management Sub-Directorate General of Debt Management (DGAT) Ministry of Finance, added that the possibility of using the government's debt switch mechanism as is done in Government Securities (GS).  (source)