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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Indonesia says no winning bids in sukuk auctions

Posted on 26 May 2010

From Reuters: Indonesia’s finance ministry said it rejected all incoming bids, worth 1.2 trillion rupiah ($129.6 million) in total, at its sukuk auctions on Tuesday, as debt woes in Europe prompted investors to demand high yields.
Indonesian stocks fell more than 4 percent on Tuesday afternoon before closing down 3.66 percent, as most Asian markets declined on concerns that the euro debt woes could trigger a new banking and global economic crisis……………………………………….Full Article: Source

 
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