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

Volatility hits Indonesia Sukuk sale as rally ends

Posted on 07 November 2011

Islamic bonds halted a three-week rally as increased volatility in global markets undermined plans by Indonesia to sell sukuk. “Given this volatility, you don’t know when you’ll get the deal done,” Zayed Ayer, chief investment officer at Kuala Lumpur-based CIMB-Principal Islamic Management Bhd. who helps oversee $700 million (Dh2.56 billion) of assets, said.
“I am not selling or buying because sukuk had a good run recently.” Indonesia said on Thursday it was assessing market movements before selling a dollar sukuk, after delaying the offering in September because of wider price swings in global markets………………………………………..Full Article: Source

 
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