13.03.2009 - Indonesia aims for $580 mln from global sukuk
From Reuters: Indonesia aims to raise about $580 million from its first global sharia-compliant bond issue this year, a finance ministry official said on Thursday, tapping a wider array of investors to fund its budget deficit. The government, which launched a 73.3 trillion rupiah ($6.12 billion) fiscal stimulus package earlier this year in response to the global economic slowdown, has forecast a budget deficit equivalent to 2.5 percent of gross domestic product, pushing up its borrowing requirement..... Full Article: Source
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