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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Indonesia sells $68.24 mln sukuk, below target

Posted on 31 March 2010

From Alibaba.com: Indonesia’s finance ministry raised 620 billion rupiah ($68.24 million) in a sukuk auction on Tuesday, well below target, as investors demanded high yields to compensate for a lack of trading liquidity in the paper.

An Islamic debt analyst said the fact the auction raised less than the target amount did not reflect changes in interest rate expectations but was due to the government’s unwillingness to pay higher yields, particularly given its strong cash position………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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