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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends, Performance more

Sukuk auction failures send Indonesia overseas

Posted on 12 July 2010

From Bloomberg: The failures of 10 rupiah sukuk auctions this year are prompting Indonesia’s finance ministry to revive demand for its Islamic debt by tapping international investors and possibly changing its sales practices.

The world’s most-populous Muslim nation raised 4.9 trillion rupiah ($540 million) from notes that comply with Islam’s ban on interest in 2010, down 40 percent from a year earlier, according to the finance ministry’s Debt Management Office. The next auction on July 13 is seeking 1 trillion rupiah…………………………………..Full Article: Source

 
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