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

Indonesia still planning global Sukuk as it waits for approval

Posted on 10 June 2011

Indonesia is still planning a sale of dollar-denominated Islamic bonds in the second half even though it has yet to get approval for state-owned land and office buildings to be used to back the debt, the finance ministry said.
The ministry is seeking parliamentary approval to allow 30 trillion rupiah ($3.5 billion) of land and buildings to be used for the sukuk offerings, Dahlan Siamat, director of Islamic finance at the ministry, said……………………………………….Full Article: Source

 
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