INDONESIA - CAPITAL MARKETS - Indonesia plans to sell $500 mln global sukuk this year

biz.thestar.com - KUALA LUMPUR: The Indonesian Finance Ministry is targetting a $500 million 5-year global sukuk issuance this year, an official told reporters at an Islamic finance forum here on Monday.

"We are looking for the benchmark tenor, but we hope to have longer (tenures)," Dwi Irianti Hadiningdyah, deputy director of Islamic Financing for the ministry's debt management office, said.  (source)

INDONESIA - CAPITAL MARKETS - Indonesia Proceeds With Global Sukuk Plans: Emerging Bond Alert

INDONESIA is proceeding with plans to sell global sukuk and is waiting for the right timing, Bhimantara Widyajala, a director at the Finance Ministry’s debt management office, said in a press briefing in Jakarta on Sept. 28. The government hired HSBC Holdings Plc, Citigroup Inc. and Standard Chartered Plc to help it with a sale of as much as $1 billion of Islamic bonds, a person familiar with the matter who asked not to be identified as details are private said in August.(source)

INDONESIA - CAPITAL MARKETS - Indonesia Has Short-Listed Banks for Possible Global Sukuk Issuance

JAKARTA, KOMPAS.com - The Indonesian government has short-listed four banks as possible arrangers for a global sukuk issuance planned for later this year, bankers said Thursday. Two bankers told Dow Jones Newswires the four banks are CIMB, HSBC, Standard Chartered and Citigroup.
The latest development marks further steps taken by the government to tap the offshore Islamic bond market after it decided in June to delay the planned issuance to around September or October from an initial plan of July as it was still seeking approval from parliament on the assets it could use to back up such bonds.
Finance Minister Agus Martowarodjo said in April the government would seek to raise up to $1 billion from a global sukuk issuance in the second half of 2011. (source)

BANKING - FINANCE - Indonesia Reviews Shariah Loan Restructurings: Islamic Finance

Jakarta. Indonesia, the nation with the biggest Muslim population, may reduce restrictions on Islamic banks by allowing them to change terms on loans before they become troubled.

“Shariah banks have asked that loans that are still current can be restructured,” Mulya Siregar, director of Islamic banking at the central bank, said in an interview in Jakarta on Tuesday.

“We’re having intensive discussions and will make a decision by the fourth quarter at the latest.”