INDONESIA - FINANCE - Indonesia Nets ADB Loan for Roads In Kalimantan and Southern Java - IDB co-financier

The Asian Development Bank approved on Friday a 25-year, $180 million loan for Indonesia to help it improve a 470-kilometer-long road in northern Kalimantan and parts of the busy road network in southern Java.

ADB said the Islamic Development Bank would provide the equivalent of $65 million in co-financing for the project, and the Indonesian government would contribute $135.5 million. Work is expected to be completed by February 2016.  (source)

INDONESIA - CAPITAL MARKETS - Indonesia Eyes Middle East Buyers for Fresh Round of Sukuk Bond Sales

Indonesia plans to sell dollar-denominated Islamic bonds by the end of December, the second sale of the securities in two years, and it is looking to Persian Gulf investors to purchase the debt.

“We are targeting Middle East investors to buy our global [Islamic bonds],” said Rahmat Waluyanto, director general of the debt management office at the Ministry of Finance, in a text message to the Jakarta Globe .

“Investors from other parts of Asia, Europe and the United States are also welcome.’’  (source)