30.06.2010 - Indonesia rejects all bids in $111 mln sukuk auction
From Reuters: Indonesia's finance ministry rejected all bids in a sukuk auction on Tuesday amid investors' concerns over poor trading liquidity in the paper, in sharp contrast to strong demand for the country's conventional debt. The auction only attracted 474 billion rupiah of bids. The ministry had targeted raising 1 trillion rupiah ($110.9 million) from the auction, which is usually held once a month, to help plug the state budget deficit..............................................Full Article: Source
Print