THAILAND - CAPITAL MARKETS - Islamic Bank of Thailand sends out RFP for sukuk

www.financeasia.com -The Islamic Bank of Thailand has asked a group of banks to submit proposals for a baht-denominated sukuk by this Friday. However, the formal request for proposals (RFP) has come as a surprise because the deal has been in the works for the past few years and Malaysian bank CIMB has already been working on it.
“I’m not sure why they sent out an RFP. I’m not sure if CIMB has been formally appointed, but they’ve been working on it for a long time,” said one Bangkok-based banker.
Some speculate that Islamic Bank of Thailand wants to go through a formal selection process and that it may also be planning to add more banks to broaden the distribution of the bonds. (source)

INDONESIA - CAPITAL MARKETS - Indonesia targets fiscal reform and global sukuk in the pipeline

FINANCEASIA.COM - Indonesia continues to delight its equity and bond investors. The country is achieving healthy economic growth while so many other economies are stagnating, and it is doing so without profligate government spending. But investor-friendly ratios can disguise institutional failings. (source)