CAPITAL MARKETS - Indonesia Rating Bets Drive New Sukuk Demand: Islamic Finance

Speculation Indonesia’s credit rating will be raised to investment grade may drive demand for the government’s second sale of global Islamic bonds.

I’d be interested because there’s the possibility of an investment-grade rating,” Mohd Noor Hj A Rahman, chief executive officer at Kuala Lumpur-based OSK-UOB Islamic Fund Management Bhd., said in an interview May 12. “Indonesia is a big market with potential for economic growth.” (full story)

CAPITAL MARKETS - SUKUK - Indonesia's 25-yr sukuk yields 9.25 pct at auction

(Reuters) - Indonesia's finance ministry on Tuesday sold 140 billion rupiah ($16.18 million) of 25-year sukuk at an average yield of 9.25 percent, lower than 10 percent in a sukuk auction last month, the debt office said in a statement. (full story)

CAPITAL MARKETS - Indonesia's fin ministry sets 3-yr retail sukuk coupon at 8 pct

Feb 2 (Reuters) - Indonesia's finance ministry has set the coupon for its planned three-year retail Islamic bonds or sukuk at 8 percent, debt office chief Rahmat Waluyanto told Reuters on Wednesday. (source)

FINANCIAL MARKETS - Indonesia fin ministry to sell 2.25 trln rph sukuk to Haj Fund

Jan 14 (Reuters) - Indonesia's finance ministry plans to sell 2.25 trillion rupiah ($248.62 million) of sukuk in February to the state-managed Islamic Haj Fund via a private placement, sharia debt director Dahlan Siamat said on Friday.

The fund is managed by the religious ministry, and the sukuk is not tradeable on the secondary market. ($1 = 9,050 rupiah) (Reporting by Rieka Rahadiana)

FINANCIAL MARKETS - 20 Financial Institutions as Sukuk Ritel Agencies

Jakarta, (11/1). The Indonesian Government has announced the involving of 20 Financial Institutions as sovereign sukuk as agencies and has appointed law firm as a consultant for the sukuk issuance.

The Head of Finance bureau of the minister of finance office said Yudi Pramadi in a Press release said that there will some additional agencies this year, since there are many financial institutions has shown some interest in becoming a sovereign sukuk agency as it has a significant benefit for their institutions.

FINANCE - Indonesia aims to issue 38.5 trln of govt bonds in Q1 2011

Dec 31 (Reuters) - Indonesia's finance ministry aims to issue 38.5 trillion rupiah ($4.28 billion) of government bonds in the first quarter of 2011, the debt office said on its website on Friday.

They do not include retail bonds, retail Islamic bonds (sukuk) and dollar-denominated bonds. ($1 = 8,995 rupiah) (Reporting by Aditya Suharmoko and Adriana Nina Kusuma; Editing by David Fox)

FINANCIAL MARKETS - Indonesia to sell less sukuk to Haj Fund in 2011

JAKARTA, Dec 17 (Reuters) - Indonesia's finance ministry plans to sell a lower amount of sukuk or Islamic bonds in private placements to the religious ministry next year, said Dahlan Siamat, sukuk director at the finance ministry, on Friday.

This year, the finance ministry sold 12.78 trillion rupiah ($1.4 billion) to the religious ministry's Haj Fund, latest data shows. ($1 = 9034.500 Indonesian Rupiah) (Reporting by Rieka Rahadiana; writing by Aditya Suharmoko; Editing by Neil Chatterjee)

SUKUK - Indonesian Government Banks on Rupiah Bonds (and Sukuk) to Cover the Budget Gap

Jakarta. The government has announced plans to take advantage of strong investor appetite for Indonesian assets and rely more on rupiah-denominated bonds than foreign-exchange debt to cover the budget deficit next year.

“That is our priority. We hope that the domestic debt market will be more developed and the base of investors will also increase,” Rahmat Waluyanto, director general of debt management at the Finance Ministry, said over the weekend.

SUKUK - ISLAMIC HAJ FUND - Indonesia sells 2.9 trln rph sukuk to Haj Fund

JAKARTA, Aug 9 (Reuters) - Indonesia's finance ministry has sold 2.855 trillion rupiah of government sukuk to the state-managed Islamic Haj Fund through a private placement on Monday, and will use the proceeds to fund the budget deficit.