Indonesia to auction 1st project-based Sukuk October 11
The first project-based Sukuk will be offered by Indonesia in an auction on Oct. 11. This act will raise the supply of Sharia instruments in the less-developed local Sukuk market.
The ministry will launch project-based Sukuk with maturities of six and 21 years, six-month Sharia T-bills, and 14-year and 25-year Sukuk, with a total target of 500 billion Indonesian rupiah (56 million Us dollars) in the last Sukuk auction this year.
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