Showing posts with label corporate skuk. Show all posts
Showing posts with label corporate skuk. Show all posts

Wednesday, June 06, 2012

INDONESIA - CAPITAL MARKETS - Bank Muamalat Issues Subordinated Sukuk Worth IDR 1.5 Trillion

www.muamalatbank.com - Bank Muamalat Indonesia issues a total of IDR 1,5 trilion Subordinated Sukuk in Jakarta 5/30, as the Indonesian Islamic banking pioneer aims to strengthen the capital structure in speeding up business.

The idA(sy) rating is given by PT Pefindo - Credit Rating Indonesia for this Mudharaba-based subdebt, meanwhile Bank Muamalat was rated idA+ as the issuer. In the first period, the bank issues IDR 500.000.000.000 (IDR 500 billions) of the total amount of IDR 1.5 trillion to be issued in the next two years.  (source)