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Indonesia: Govt sells Islamic bonds to Haj fund

Posted on 14 February 2011

From Thejakartaglobe.com: Indonesia’s Finance Ministry on Friday sold Rp 6 trillion ($672 million) in Islamic bonds, or sukuk, to the state-managed Haj Fund via a private placement, Shariah director Dahlan Siamat said.
The sukuk, which is not tradeable in the secondary market, has a three-year tenor and 7.85 percent coupon, he said. Since 2009, the ministry has issued Rp 21 trillion in sukuk to the fund, managed by the Religious Affairs Ministry……………………………………….Full Article: Source

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