| Indonesian Islamic bond sales will recover from the slowest half in three years as the government finances transport and power projects, according to Standard & Poor’s. The government’s $140 billion five-year development program will boost offerings, said Allan Redimerio, S&P’s head of Asia infrastructure ratings in Singapore.
Indonesia is waiting for the right time to proceed with plans to sell $500 million of dollar-denominated sukuk, the country’s second international offering of the debt, said Dahlan Siamat, director of Islamic finance at the government’s debt management office...............................................Full Article: Source
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