Islamic bonds offered by the Indonesian government in Tuesday’s auction are more than five-times oversubscribed, an official says. Incoming bids for the bonds, commonly known as sukuk, topped Rp 2.65 trillion (US$275.18 million) while the Finance Ministry’s debt management office only hoped to raise only Rp 500 billion through the offering.
Dahlan Siamat, director of Islamic financing policy, said that the government successfully floated Rp 913 billion of sukuk in the offering: Rp 640 billion from six-year notes (PBS001) and Rp 273 billion from 25-year notes (PBS004)………………………………………..Full Article: Source