Monday Morning:It may be the world’s most populous Muslim country and Southeast Asia’s largest economy, but Indonesia has been slow to capitalize on strong demand for Islamic bonds, or sukuk, which follow principles of Islamic Sharia law.
The SR-001 sukuk, which have a yield of 12 percent, will mature in three years effective from February 25 this year. The government has not disclosed the amount of the issuance and will decide the size based on total demand.
“I think demand will be strong because the 12-percent coupon is very attractive”, PT Mandiri Sekuritas bond analyst Handy Yunianto told Dow Jones Newswires...Read More
Wednesday, February 25, 2009
indonesia: Launch of the sukuk bond
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