Nov 15, 2011

Demand for Indo sukuk reaches US$6.5 bio

Indonesia has received a 6.5 folds oversubscribe over its a US$1 billion global sukuk bonds from 250 investors, signaling a strong demand of US$6.5 billion.
Rahmat Waluyanto, Director General of Debt Management at Ministry of Finance said the government has determined a 4% yield of the global sukuk yesterday. "The issuance is part of the meeting with investors in Middle East held in October," he said. 
According to him, the proceed will be used by the government to fulfill the target of Rp201.5 trillion debt securities issuance and diversify the budget financing.

Disclosure: No position at the stock mentioned above.
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