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

Indonesia to issue Samurai, global sukuk -fin ministry

Posted on 03 March 2009

From Alibaba.com: Indonesia, which just sold $3 billion of global bonds, may raise a further $500 million from a Samurai bond soon and issue a global sharia-compliant bond this year, an official said on Friday, to fund its budget deficit.

With elections this year and economic growth under pressure from the global slowdown, Indonesia has said it will spend 73.3 trillion rupiah ($6.11 billion) on a fiscal stimulus package that includes infrastructure projects and tax measures….. Full Article: Source

 
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