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Indonesia to sell more bonds next year to plug deficit

Posted on 20 August 2012

Indonesia, which has been running a budget deficit since the Asian monetary crisis more than a decade ago, plans to sell 11 percent more bonds next year to finance its budget shortfall. The government plans to raise total net bond sales to Rp 177.3 trillion ($19 billion) next year compared with Rp 159.6 trillion this year, with the country aiming to sell more notes even as the budget deficit is projected to narrow next year.
Deepening the debt market means the country has to offer more notes — such as regular notes, retail bond market and Islamic bonds — to the Indonesian market. Indonesia, a country with the world’s largest Muslim population, has been familiar with Islamic bonds or bills, known as sukuk………………………………………..Full Article: Source

 
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