| From Todayszaman.com: Already in August 2008, Indonesia had sold its debut rupiah-denominated Islamic bond, or sukuk, for a total amount of IDR 4.7 trillion. A global issue in dollars (to be expected in the region of $3 billion) is in the pipeline, waiting for better market conditions.
In the meantime, the Indonesian government did not sit still and this week issued a domestic sukuk on the same principles as the "rent certificate" (sale and lease back) for which the Turkish markets have been waiting for some years now. .... Full Article: Source
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