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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves, New Launches more

Indonesia postpones Sukuk

Posted on 16 May 2011

Indonesia’s finance ministry has postponed the planned May 10 sovereign Sukuk issue, as it awaits parliamentary authorisation for it to utilize a set of state-controlled underlying assets to guarantee the issue.
The Ministry has not revealed the size of the offering, but it said that if parliamentary approval is not forthcoming for permission on the ability to use IR30tr ($3.5bn) worth of state-owned land and office buildings as collateral for the Sukuk, it will use road, rail and other infrastructure projects to back the issue, that has now been pushed to May 31……………………………………….Full Article: Source

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