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)
Showing posts with label capital markets. Show all posts
Showing posts with label capital markets. Show all posts
Thursday, August 23, 2012
Monday, August 20, 2012
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)
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)
Tuesday, August 14, 2012
INDONESIA - CAPITAL MARKETS - Dana Haji Sign Sukuk, Islamic Banking sluggish
www.bisnis.com - JAKARTA
- Bank Indonesia (BI) recorded growth of Islamic banking industry in
the first half of 2012 tend to be slower than growth at the end of
December 2012. The transfer of Sukuk to fund the pilgrimage to one of the trigger."The performance of Islamic banking is based on the record is still growing very little. I
see the industry to agree on this, "said Executive Director of the
Department of Banking Islamic Bank, Edy Setiadi, the talkshow reveals
the human resources crisis in Islamic Banking in Jakarta, today.He
said the slowdown in the growth of Islamic banking, one of which can be
seen from the growth of assets amounted to only 7.04 percent in the
period from January to July 2012 (year to date / ytd). That
means during the first half of 2012, growth has not reached half of the
total asset growth last year, amounting to 48.6 percent (ytd) during
setahunan. (source)
Monday, August 13, 2012
INDONESIA - CAPITAL MARKETS - Small issuance, new regulations
www.ibpa.co.id - JAKARTA. Aka Islamic sukuk issuance in 2012 also continued to grow. Citing data from the Capital Market and Financial Institutions Supervisory Agency (Bapepam LK), sukuk issued until late July, a total of 52 products, with a value of Rp 9.39 trillion emissions.
A total of 37 new products were classified as ijara sukuk. While the rest is kind of mudaraba sukuk. Etty Retno Wulandari, Bureau Chief Accounting Standards and Disclosure of Bapepam-LK, said that so far this year reached Rp 1.47 trillion. (source)
A total of 37 new products were classified as ijara sukuk. While the rest is kind of mudaraba sukuk. Etty Retno Wulandari, Bureau Chief Accounting Standards and Disclosure of Bapepam-LK, said that so far this year reached Rp 1.47 trillion. (source)
INDONESIA - CAPITAL MARKETS - Indonesia to Sell $1.75 Billion in Yen and US Dollar Sukuk
www.thejakartaglobe.com - Indonesia plans to raise the equivalent of almost $2 billion in combined
yen- and dollar-denominated Islamic bonds later this year as part of
its efforts to plug a widening budget deficit.
Southeast Asia’s largest economy plans sell $750 million of so-called samurai bonds and $1 billion of US-currency bonds, both of them sukuk, in October.
“The figures and timing are still moving,” Robert Pakpahan, acting chief of the debt management office at the Finance Ministry, told the Jakarta Globe via text message on Friday. (source)
Southeast Asia’s largest economy plans sell $750 million of so-called samurai bonds and $1 billion of US-currency bonds, both of them sukuk, in October.
“The figures and timing are still moving,” Robert Pakpahan, acting chief of the debt management office at the Finance Ministry, told the Jakarta Globe via text message on Friday. (source)
Thursday, August 09, 2012
INDONESIA - CAPITAL MARKETS - State Government Selling Rp540 Billion Sukuk
www.investor.co.id - JAKARTA - The government sold the state sukuk amounting to Rp540 billion to meet part of the 2012 state budget targets. The amount is greater than the indicative target of Rp500 billion in the previous set.
A press release Directorate General of Debt Management, Ministry of Finance on Wednesday said the country's sukuk sale by auction on Tuesday (7/8) in which the bids of the five countries offered sukuk series reached Rp1, 93 trillion.
Five countries that auctioned sukuk series is SPN-S08022013, PBS001, PBS002, PBS003, and PBS004. (source)
A press release Directorate General of Debt Management, Ministry of Finance on Wednesday said the country's sukuk sale by auction on Tuesday (7/8) in which the bids of the five countries offered sukuk series reached Rp1, 93 trillion.
Five countries that auctioned sukuk series is SPN-S08022013, PBS001, PBS002, PBS003, and PBS004. (source)
INDONESIA - CAPITAL MARKETS - Result auction August 7, 2012
www.bi.go.id - On this day, Tuesday, August 7, 2012, has conducted auctions State Sharia Securities (SBSN) or State Sukuk series SPN-S 08,022,013 (new issuance), PBS001 (reopening), PBS002 (reopening), PBS003 (reopening), and PBS004 (reopening) through the auction of Bank Indonesia. In accordance with the authority granted by Law No. 19 Year 2008 on State Sharia Securities, then the auction results are as follows: (source)
INDONESIA - CAPITAL MARKETS - AUCTION RESULTS SUKUK yield at auction sukuk Demand remains high
www.ibpa.com - JAKARTA. State Sharia Securities Auction (SBSN) flooded bid placements. Bids reach Rp 1.93 trillion, nearly four times that of the government's target, which only Rp 500 billion.
Series of five sukuk offerings, the government only won two series. Both are PBS001 (reopening), which was won by the weighted average yield of 5.65%, and PBS004 (reopening) with a yield of 6.71% amounting to Rp 540 billion.
Three other sukuk series is not won, the SPN-S 08022013 (new issuance), PBS002 (reopening) and PBS003 (reopening). (source)
Series of five sukuk offerings, the government only won two series. Both are PBS001 (reopening), which was won by the weighted average yield of 5.65%, and PBS004 (reopening) with a yield of 6.71% amounting to Rp 540 billion.
Three other sukuk series is not won, the SPN-S 08022013 (new issuance), PBS002 (reopening) and PBS003 (reopening). (source)
Wednesday, August 08, 2012
INDONESIA - CAPITAL MARKETS - Indonesia sells 540 bln rph sukuk in auction
www.reuters.com - Indonesia sold 540 billion rupiah
($57.05 million) of sukuk in an auction on Tuesday, above a
target of 500 billion rupiah, with yields rising slightly from
the previous auction, the finance ministry said.
The country raised 500 billion rupiah from sales of 25-year project-based sukuk and 40 billion rupiah from six-year sukuk. There were no winning bids for six-month sharia T-bill and 10 and 15-year project based sukuk.
The weighted average yield on the 25-year sukuk was 6.71616 percent, versus 6.69002 percent in an auction last month. (source)
The country raised 500 billion rupiah from sales of 25-year project-based sukuk and 40 billion rupiah from six-year sukuk. There were no winning bids for six-month sharia T-bill and 10 and 15-year project based sukuk.
The weighted average yield on the 25-year sukuk was 6.71616 percent, versus 6.69002 percent in an auction last month. (source)
Tuesday, August 07, 2012
INDONESIA - BANKING - Bank Mandiri Push BSM & BSHB Go Public
www.bisnis.com - JAKARTA: PT Bank Mandiri Tbk preparing to take off some shares in the subsidiary through an initial public offering as a consequence of regulatory restrictions on bank ownership.
Bank Mandiri president director Zulkifli Zaini said the actual regulatory restrictions on bank ownership of common stock in the corporation is not an issue because the government as largest shareholder is exempt from the rules.
However, he added, these rules affect the ownership of shares in Bank Mandiri Bank Syariah Mandiri (BSM) and Bank of Hope Sinar Bali (BSHB). (source)
Bank Mandiri president director Zulkifli Zaini said the actual regulatory restrictions on bank ownership of common stock in the corporation is not an issue because the government as largest shareholder is exempt from the rules.
However, he added, these rules affect the ownership of shares in Bank Mandiri Bank Syariah Mandiri (BSM) and Bank of Hope Sinar Bali (BSHB). (source)
INDONESIA - CAPITAL MARKETS - Sukuk investors Stay Have High Return
www.ibpa.co.id - JAKARTA
(IFT) - Interest in the domestic institutional investors is still
relatively high for a bid for the State Sharia Securities (SBSN) or
Sukuk State. Report
of Indonesia's economic growth by 6.4% in the second quarter of 2012,
as reported by the Central Statistics Agency (BPS) can be a catalyst
sukuk investors buy the country. However, investors will ask in return is expected to remain high.
Fakhrul Aufa, an analyst at PT Independent Assessment Rates Securities Indonesia Bond Pricing Agency, said the release of data growth in Gross Domestic Product (GDP) of the second quarter could be a positive sentiment for domestic investors. The growth is higher than the realization of the first quarter by 6.3%.
The increase in economic growth is somewhat special in the middle of a global economic slowdown. The sentiment is expected to reduce the negative sentiment of market participants to the disappointment of the Central Bank of the United States policy or the Federal Reserve (the Fed) and the European Central Bank or the European Central Bank (ECB) which are not disbursed stimulus. (source)
Fakhrul Aufa, an analyst at PT Independent Assessment Rates Securities Indonesia Bond Pricing Agency, said the release of data growth in Gross Domestic Product (GDP) of the second quarter could be a positive sentiment for domestic investors. The growth is higher than the realization of the first quarter by 6.3%.
The increase in economic growth is somewhat special in the middle of a global economic slowdown. The sentiment is expected to reduce the negative sentiment of market participants to the disappointment of the Central Bank of the United States policy or the Federal Reserve (the Fed) and the European Central Bank or the European Central Bank (ECB) which are not disbursed stimulus. (source)
Monday, August 06, 2012
INDONESIA - CAPITAL MARKETS - Updating DES
www.bapepam.go.id - PRESS RELEASE - PUBLICATION OF RESULTS GENERAL
Pull BODY AND THE FINANCIAL CAPITAL MARKET
On Wednesday, 1 August 2012, Bapepam and LK has issued Bapepam and LK decision of the numbers: Kep-429/BL/2012 about Sign Effects Shariah. Publishing decisions are based on periodic review Bapepam and LK performed on Shariah Stock Register has been set previously. Effect of the list of Shariah investment as a guide for the users DES as the manager, investment manager sharia mutual funds, insurance sharia and investor with a desire to invest in a portfolio Effects of Shariah and Shariah guidelines for index providers such as PT Stock Indonesia to issue a Jakarta Islamic Index and Stock Index Shariah Indonesia. (source)
Pull BODY AND THE FINANCIAL CAPITAL MARKET
On Wednesday, 1 August 2012, Bapepam and LK has issued Bapepam and LK decision of the numbers: Kep-429/BL/2012 about Sign Effects Shariah. Publishing decisions are based on periodic review Bapepam and LK performed on Shariah Stock Register has been set previously. Effect of the list of Shariah investment as a guide for the users DES as the manager, investment manager sharia mutual funds, insurance sharia and investor with a desire to invest in a portfolio Effects of Shariah and Shariah guidelines for index providers such as PT Stock Indonesia to issue a Jakarta Islamic Index and Stock Index Shariah Indonesia. (source)
INDONESIA - REGULATIONS - Capital Markets : contract of Istisna and Musharaka
www.bapepam.go.id - PRESS RELEASE - ISSUANCE OF REGULATIONSSUPERVISORY BOARD CAPITAL MARKET AND FINANCIAL INSTITUTIONSOn this day, Wednesday, August 1, 2012, Bapepam-LK issued a regulation is Regulation No. IX.A.14, attachment, and the Chairman LK Number: KEP-430/BL/2012 dated August 1, 2012 of the Agreement, the Agreement Used in the issuance of Islamic securities in the capital market. This regulation is Rule Number IX.A.14 improvements, attachment, and the Chairman LK Number: KEP-131/BL/2006 dated 23 November 2006 concerning the Agreement, the Agreement Used in the issuance of Islamic securities in the capital market.Completion of these regulations, especially related to the addition of contract Musharaka is a new contract and the contract Istishna. It aims to support Islamic Capital Markets industry needs with a wider range of variation of the contract and potential that can be used in the issuance of Islamic securities in the capital market. (source)
Wednesday, August 01, 2012
MALAYSIA - CAPITAL MARKETS - First Resources Issues RM600 Million Islamic Notes
www.theindonesiatoday.com -SINGAPORE (Indonesia Today) - First Resources
Limited, a company controlled by Indonesian family of Ciliandra
Fangiono, has issued RM600 million of Islamic medium term notes (IMTN).
The IMTN issued Tuesday, July 31, 2012 is part of the RM2 billion Ringgit-denominated Islamic medium term note program of First Resources.
The IMTNs have a tenor of five (5) years and will mature on 31 July 2017. The IMTNs were successfully priced on a “book build” basis and will bear a periodic distribution rate of 4.45% per annum, payable semi-annually in arrears. (source)
The IMTN issued Tuesday, July 31, 2012 is part of the RM2 billion Ringgit-denominated Islamic medium term note program of First Resources.
The IMTNs have a tenor of five (5) years and will mature on 31 July 2017. The IMTNs were successfully priced on a “book build” basis and will bear a periodic distribution rate of 4.45% per annum, payable semi-annually in arrears. (source)
Saturday, July 28, 2012
INDONESIA - CAPITAL MARKETS - State Sukuk demand surged 64%
www.bisnis.com - JAKARTA: investor demand for securities in Islamic countries (SBSN) or a state known as sukuk was listed on the auction day Rp1, 99 trillion, up 64.25% from the previous auction is only Rp1, 22 trillion.
Data Directorate General of Debt Management, Ministry of Finance says investors sukuk many countries pursue the tenor of 6 years to reach Rp731 billion PBS001.
Furthermore, incoming requests for four other series that SPN-S 25012013, PBS002, PBS003, and PBS004 each of Rp341 billion, Rp291 billion, Rp106 billion and Rp150 billion. (source)
Data Directorate General of Debt Management, Ministry of Finance says investors sukuk many countries pursue the tenor of 6 years to reach Rp731 billion PBS001.
Furthermore, incoming requests for four other series that SPN-S 25012013, PBS002, PBS003, and PBS004 each of Rp341 billion, Rp291 billion, Rp106 billion and Rp150 billion. (source)
Wednesday, July 25, 2012
INDONESIA - CAPITAL MARKETS - Absorb emerintah Only Auction Rp 460 billion of Sukuk State
www.ibpa.co.id - JAKARTA (IFT) - The Securities auction Sharia State (SBNS) or State Sukuk is not very attractive. The
government only won investor demand of Rp 460 billion from the total
amount of the bids amounting to Rp 1.9 trillion and won only one series
of government.
One series was won by the government PBS004 tenor of 25 years with an average of 6.69%. Bond analysts said the government was still reluctant to meet the demand for yield (yied) higher than the investor.
Herbie Mohede, Bond Analyst PT Samuel Asset Management said this was evidence the government still has a strong bargaining position. "It's one of the evidence the government had a strong enough position not meet investor demand. The government wants a stable secondary market for sukuk, "said Herbie. (full story)
One series was won by the government PBS004 tenor of 25 years with an average of 6.69%. Bond analysts said the government was still reluctant to meet the demand for yield (yied) higher than the investor.
Herbie Mohede, Bond Analyst PT Samuel Asset Management said this was evidence the government still has a strong bargaining position. "It's one of the evidence the government had a strong enough position not meet investor demand. The government wants a stable secondary market for sukuk, "said Herbie. (full story)
INDONESIA - CAPITAL MARKETS - Auction Plan SBSN or Sukuk State On On July 24, 2012
www.ibpa.co.id- On Tuesday, July 24, 2012, the Government of Indonesia will conduct the Auction Sales State Sharia Securities (SBSN) or State project-based Sukuk (Sukuk Based Project) Series is PBS001 (reopening), PBS002 (reopening), PBS003 (reopening) and PBS004 (reopening). They will also be auctioned State Sukuk series SPN-S 25012013 (new issuance) to meet part of the national budget financing target in 2012. Learn more (full story)
INDONESIA - CAPITAL MARKETS - Sukuk investors want a high yield
www.ibpa.co.id - JAKARTA. The Government held a State Sharia Securities (SBSN), Tuesday (24/7) future. Of
the instrument auction, which is also popularly known as sukuk country,
the government is targeting the acquisition of funds worth Rp 500
billion.There are five series of project-based sukuk countries (project based sukuk) has to offer. Four series have been offered in previous auction, alias status of reopening, the PBS001, PBS002, PBS003, and PBS004. One more series is a new publication that SPN-S 25,012,013. (full story)
INDONESIA - CAPITAL MARKETS - Result Sovereign Sukuk Auction July 24, 2012
www.bi.go.id - On this day, Tuesday, July 24, 2012, has conducted auctions State Sharia Securities (SBSN) or State Sukuk series SPN-S 25,012,013 (new issuance), PBS001 (reopening), PBS002 (reopening), PBS003 (reopening), and PBS004 (reopening) through the auction of Bank Indonesia. In accordance with the authority granted by Law No. 19 Year 2008 on State Sharia Securities, then the auction results are as follows: (attached) (full story)
INDONESIA - CAPITAL MARKETS - Indonesia raises 460 bln rph in sukuk auction
www.reuters.com - (Reuters) - Indonesia
raised 460 billion rupiah ($48.65 million) from a sukuk auction on
Tuesday, lower than a target of 500 billion rupiah, the debt office
said.
The country only sold 25-year project-based sukuk at a weighted average yield of 6.69 percent. There were no winning bids for one-year sharia T-bills and six-year, 10-year as well as 15-year project-based sukuk. (full story)
The country only sold 25-year project-based sukuk at a weighted average yield of 6.69 percent. There were no winning bids for one-year sharia T-bills and six-year, 10-year as well as 15-year project-based sukuk. (full story)
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