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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Funds, New Launches more

Indonesian govt sells sukuk to Haj fund

Posted on 18 May 2010

From Thejakartapost.com: The government sold Rp 4.25 trillion (US$467.5 million) worth of sukuk (Islamic bonds) Monday in a private placement method to the Religious-Affairs-Ministry-managed Haj fund, the Finance Ministry said in a statement.
The sale is one part of the government’s servicing of the national budget deficit, estimated to reach Rp 133.7 trillion or 2.1 percent of the gross domestic product, based on the 2010 state budget revision………………………………………Full Article: Source

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