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Indonesia global sukuk to be backed by $650 mln assets

Posted on 26 March 2009

From Alibaba.com: Indonesia’s finance ministry plans to sell its first global sharia-compliant bond issue, or sukuk, before June, backed by 7.5 trillion rupiah ($650 million) worth of assets, a senior official said on Wednesday.

The government of the world’s most populous Muslim nation has already raised more than two-thirds of its gross debt issuance target for 2009, but it wants to tap a wider investor base using a broad array of instruments including sharia-compliant debt…..Full Article: Source

 
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