INDONESIA - CAPITAL MARKETS - Indonesia to Sell $1.75 Billion in Yen and US Dollar Sukuk

www.thejakartaglobe.com - Indonesia plans to raise the equivalent of almost $2 billion in combined yen- and dollar-denominated Islamic bonds later this year as part of its efforts to plug a widening budget deficit.

Southeast Asia’s largest economy plans sell $750 million of so-called samurai bonds and $1 billion of US-currency bonds, both of them sukuk, in October.

“The figures and timing are still moving,” Robert Pakpahan, acting chief of the debt management office at the Finance Ministry, told the Jakarta Globe via text message on Friday. (source)