INDONESIA - CAPITAL MARKETS - Limit of Project Sukuk SBSN set at Rp 1,0 trillion

www.bisnis.com - JAKARTA: The government sets a limit on issuance of Islamic Countries (SBSN) for project financing in 2013 amounted to R1, 0 billion.

Financial Notes and Draft Budget 2013, the government will seek to accelerate impementasi sukuk issuance to finance the project.

"For fiscal year 2013, the government set a maximum issuance SBSN Project Rp1, 0 trillion.

SBSN issuance limit is prepared for a period of 1 year budget, "the government said in a Memorandum of Finance and Budget 2013. (source)

INDONESIA - CAPITAL MARKETS - Indonesia to Sell More Bonds Next Year to Plug Deficit

www.thejakartaglobe.com - Indonesia, which has been running a budget deficit since the Asian monetary crisis more than a decade ago, plans to sell 11 percent more bonds next year to finance its budget shortfall.

The government plans to raise total net bond sales to Rp 177.3 trillion ($19 billion) next year compared with Rp 159.6 trillion this year, with the country aiming to sell more notes even as the budget deficit is projected to narrow next year.

“The government will sell rupiah bonds and dollar-denominated bonds next year,” the government said in a budget statement.

The document also showed that the government would sell regular and retail bonds in the domestic market.   (source)

INDONESIA - CAPITAL MARKETS - Govt to Auction Rp1 Trillion Sukuk on March 27

www.theindonesiatoday.com - JAKARTA, Indonesia Today - The Finance Ministry plans to issue project based sukuk with indicative target of Rp1 trillion in March 27, 2012. The proceed will be used to support the state budget.

The sukuk consists of 4 series; (source)