07.03.2013 - Indonesia: Govt fails again in sukuk auction on inflation fears
The Finance Ministry’s debt management failed to meet its target in the offering of Islamic bonds (sukuk) on Tuesday, the second time since mid February, as investors demanded yields higher than the government’s offer due to accelerating inflation. The government raised only Rp 760 billion (US$78.4 million) in the auction, half of its indicative target of Rp 1.5 trillion, although total incoming bids topped Rp 3.38 trillion. It was the second consecutive time the government has failed to meet its sukuk issuance target this year after raising only Rp 1.05 trillion during an auction on Feb. 19...............................................Full Article: Source
Print