INDONESIA - CAPITAL MARKETS - ISLAMIC BOND: Government postpones bond issuance to 2013

www.bisnis.com - JAKARTA: The government announced plan to postpone issuance of Islamic bond (sukuk) for financing project from second semester 2012 to 2013.


Dahlan Siamat, Director of Sharia Financing at Directorate General of Debt Management of Ministry of Finance, said the plan to issue sukuk, or project financing sukuk, has not been included in the revised State Budget (APBNP) in 2012 which was passed last March.


"I think project financing is rather difficult. It is impossible to be issued this year, maybe next year, because it must be approved by the House first," Dahlan said here on Tuesday (17/04/2012).  (source)

SUKUK - Indonesia delays global sukuk to 2011

JAKARTA, Aug 18 (Reuters) - Indonesia will delay a planned $650 million global sukuk offer to the first half of 2011 from October because a lower budget deficit forecast reduces this year's borrowing needs, a government official said on Wednesday.

Indonesia, the world's most populous Muslim country, is keen to develop Islamic finance and has sold $650 million in sovereign sukuk in 2009. It has not sold any global sukuk so far this year.

Last month, a source told Reuters that the size of the sukuk could be reduced because of the lower budget deficit.