The Jakarta Post:The government will start offering the first Islamic retail bonds (retail sukuk) on Friday in an attempt to diversify its bonds to small and Muslim investors while plugging the 2009 budget deficit.
Finance Ministry director general of debt management Rahmat Waluyanto said during the weekend the retail sukuk would be offered from Jan. 30 to Feb. 20.
He said the bond would have a three years maturity period with a yield probably ranging between 10.5 percent and 11.2 percent, trailing the yield of the three-year government bond benchmark...Continue Reading
Tuesday, January 27, 2009
Islamic retail bonds on offer this week
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