www.bisnis.com - JAKARTA: The government sets a limit on issuance of Islamic Countries (SBSN) for project financing in 2013 amounted to R1, 0 billion.
Financial Notes and Draft Budget 2013, the government will seek to accelerate impementasi sukuk issuance to finance the project.
"For fiscal year 2013, the government set a maximum issuance SBSN Project Rp1, 0 trillion.
SBSN issuance limit is prepared for a period of 1 year budget, "the government said in a Memorandum of Finance and Budget 2013. (source)
Showing posts with label project. Show all posts
Showing posts with label project. Show all posts
Thursday, August 23, 2012
Wednesday, July 25, 2012
INDONESIA - CAPITAL MARKETS - Indonesia raises 460 bln rph in sukuk auction
www.reuters.com - (Reuters) - Indonesia
raised 460 billion rupiah ($48.65 million) from a sukuk auction on
Tuesday, lower than a target of 500 billion rupiah, the debt office
said.
The country only sold 25-year project-based sukuk at a weighted average yield of 6.69 percent. There were no winning bids for one-year sharia T-bills and six-year, 10-year as well as 15-year project-based sukuk. (full story)
The country only sold 25-year project-based sukuk at a weighted average yield of 6.69 percent. There were no winning bids for one-year sharia T-bills and six-year, 10-year as well as 15-year project-based sukuk. (full story)
INDONESIA - FINANCE - Indonesian Govt to Put Idle Hajj Funds in Development Bonds
www.thejakartaglobe.com - The government plans to reallocate dormant hajj funds from the Finance
Ministry into project-based sukuk in order to help raise money for
urgently needed infrastructure development.
Project-based sukuk are Shariah-compliant government bonds backed by infrastructure projects.
“Now [the money] is merely entrusted to the Finance Ministry. But it would be better if it generated revenue from projects,” said Anggito Abimanyu, director general of hajj pilgrimage management at the Religious Affairs Ministry, adding that his institution managed Rp 44 trillion ($4.7 billion) in pilgrimage funds. (source)
Project-based sukuk are Shariah-compliant government bonds backed by infrastructure projects.
“Now [the money] is merely entrusted to the Finance Ministry. But it would be better if it generated revenue from projects,” said Anggito Abimanyu, director general of hajj pilgrimage management at the Religious Affairs Ministry, adding that his institution managed Rp 44 trillion ($4.7 billion) in pilgrimage funds. (source)
Thursday, July 19, 2012
INDONESIA - IDB - Islamic Development Bank approves $1 billion in projects across 20 countries
www.cpifinancial.net - The 284th meeting of the Board of Executive
Directors of the Islamic Development Bank, which convened at IDB
headquarters starting Sunday 16 July, under the chairmanship of Dr.
Ahmad Mohamed Ali, President, IDB Group, approved more than $ 1,158
million towards development projects financing for IDB member countries
and Muslim communities in non-member countries.
This is the largest amount of approvals by a single IDB board meeting since the Bank’s inception in 1975. The approvals covered a large number of strategically important development projects comprising: (source)
This is the largest amount of approvals by a single IDB board meeting since the Bank’s inception in 1975. The approvals covered a large number of strategically important development projects comprising: (source)
Sunday, June 24, 2012
INDONESIA - CAPITAL MARKETS - Government to Issue Sukuk Project Rp 1.5 Trillion in 2013
www.ibpa.co.id - JAKARTA
(IFT) - The government plans to issue sukuk project (project financing
sukuk) Rp 1.5 trillion in 2013 to finance an infrastructure project. Dedy
Supriyadi Priyatna, Deputy of Infrastructure Ministry of National
Development Planning, said the proceeds from the issuance of sukuk to
finance the construction of double track railway project Cirebon along
the 158 kilometer-Kroya.
Construction of double track railway will be made on 2013-2014. The Government will issue sukuk in 2013, the infrastructure and its use will be divided in two years. Sukuk issuance is still subject to finalization and approval of the Ministry of Finance. "We will also propose some infrastructure projects to be funded with sukuk after 2013," said Dedy, Monday. (source)
Construction of double track railway will be made on 2013-2014. The Government will issue sukuk in 2013, the infrastructure and its use will be divided in two years. Sukuk issuance is still subject to finalization and approval of the Ministry of Finance. "We will also propose some infrastructure projects to be funded with sukuk after 2013," said Dedy, Monday. (source)
Wednesday, June 20, 2012
INDONESIA - CAPITAL MARKETS - Government Auction Sukuk Rp1 Trillion
www.investor.co.id - JAKARTA
- The government will sell securities in Islamic countries (SBSN) or
sukuk countries through an auction on June 26, 2012 with a total
indicative Rp1 trillion.
Written statement of the Directorate General of Debt Management, Ministry of Finance on Wednesday, said the sukuk sale of the country to meet part of the national budget financing target in 2012.
There are four series of the sukuk to be auctioned is PBS001, PBS002, PBS003, and PBS004. Four series of project-based sukuk is the resale of the state budget.
PBS001 maturing February 15, 2018 in exchange for 4.45%. PBS002 maturing January 15, 2022 in exchange for 5.45%. PBS003 maturing January 15, 2027 in exchange for 6.00%. While PBS004 maturing February 15, 2037 in exchange for 6.10%. (source)
Written statement of the Directorate General of Debt Management, Ministry of Finance on Wednesday, said the sukuk sale of the country to meet part of the national budget financing target in 2012.
There are four series of the sukuk to be auctioned is PBS001, PBS002, PBS003, and PBS004. Four series of project-based sukuk is the resale of the state budget.
PBS001 maturing February 15, 2018 in exchange for 4.45%. PBS002 maturing January 15, 2022 in exchange for 5.45%. PBS003 maturing January 15, 2027 in exchange for 6.00%. While PBS004 maturing February 15, 2037 in exchange for 6.10%. (source)
Tuesday, June 12, 2012
INDONESIA - CAPITAL MARKETS - Indonesia raises 800bn rupiah sukuk, yield falls
www.brecorder.com - JAKARTA: Indonesia's government raised 800 billion rupiah ($85.06
million) of project-based sukuk in an auction on Wednesday, slightly
below its target, the finance ministry said.The six-year project-based
sukuk was at a yield of 5.92188 percent, down from 6.14266 percent in an
auction last month, belying a recent trend of rising yields in
government debt auctions amid global investor nerves over risky assets. (source)
Friday, April 20, 2012
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)
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)
Saturday, December 03, 2011
INDONESIA - CAPITAL MARKETS - Sukuk set to finance development projects
Jakarta: Directorate General of Debt Management, Ministry of Finance plans to add a special state securities instruments to finance development projects included in the budget.
Waluyanto, Director General of Debt Management, MoF said that during this, the government only publishes Islamic government securities as underlying instruments project.
However, next year the government set the issuance of sukuk to fund projects in the State Budget (Budget) or known as sukuk based project financing. (source)
Waluyanto, Director General of Debt Management, MoF said that during this, the government only publishes Islamic government securities as underlying instruments project.
However, next year the government set the issuance of sukuk to fund projects in the State Budget (Budget) or known as sukuk based project financing. (source)
Friday, October 14, 2011
INDONESIA - CAPITAL MARKETS - Looking to Plug Deficit, Indonesia Starts Meeting Investors on Sukuk
Government officials leave today for a series of
meetings with overseas investors to gauge their interest in an offering
of Islamic bonds, or sukuk.
“We will start tomorrow [Friday],’’ said Dahlan Siamat, the Ministry of Finance’s director of Islamic finance. He was responding to a question about when the government would begin road shows to drum up interest in the dollar-denominated Islamic notes. (source)
“We will start tomorrow [Friday],’’ said Dahlan Siamat, the Ministry of Finance’s director of Islamic finance. He was responding to a question about when the government would begin road shows to drum up interest in the dollar-denominated Islamic notes. (source)
Wednesday, October 12, 2011
INDONESIA - CAPITAL MARKETS - Results Sukuk Auction October 11, 2011 - Dear, project-based Sukuk quiet enthusiasts
Investors are more interested in hunting down another series of sukuk SPN-S 120042012, IFR0010, and IFR0007. (source)
Friday, October 07, 2011
INDONESIA - CAPITAL MARKETS - Sukuk for projects
JAKARTA: For the first time the government will issue state securities sharia (SBSN / sukuk countries) based project with an indicative target of Rp500 billion.
The plan, the government will hold a premiere auction two series of sukuk berberbasis country project on Tuesday next week. Two series of sukuk country is PBS-0001 are due 15 September 2017 and the PBS-0002 are due 15 September 2032. (source)
The plan, the government will hold a premiere auction two series of sukuk berberbasis country project on Tuesday next week. Two series of sukuk country is PBS-0001 are due 15 September 2017 and the PBS-0002 are due 15 September 2032. (source)
Tuesday, May 24, 2011
CAPITAL MARKETS - Indonesia's fin ministry delays sales of sukuk to June 28
JAKARTA, May 24 (Reuters) - Indonesia's finance ministry has delayed the sale of its first project-based sukuk to June 28 from May 31, a senior debt official said on Tuesday.
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