14.10.2009 - No sale on govt sukuk in first-ever auction
From Thejakartapost.com: The Finance Ministry did not sell any sukuk (Islamic bonds) in its first-ever sukuk auction, on Tuesday, with investors apparently demanding higher yields. The ministry was planning to sell Rp 1.5 trillion (US$ 150 million) worth of sukuk. Investors wanted to buy Rp 1.57 trillion worth of six-year IFR0003 sukuk, with a return of between 9.75 percent and 11.5 percent; and Rp 3.51 trillion of 11-year IFR0004 sukuk, with a return of between 10.5 percent and 12.5 percent.......................Full Article: Source