Indonesia plans to sell two Sukuks in the second half year
Harry Suhartono from Reuters reported on 8 April that Indonesia's finance ministry plans for the second half of the year 2008 two Sukuk domestically and international following the approval of the new bill.
Indonesia's finance ministry plans to sell Islamic bonds in the international and domestic markets in the second half of 2008, a senior official said late on Monday following the approval of new bill on Islamic debt.
Rahmat Waluyanto is the treasury director general at the finance ministry. According to him the ministry has suitable underlying assets worth 15 trillion rupiah (USD 1.63 bn).
Finance Minister Sri Mulyani Indrawati said it might take between one to 1.5 months for the ministry to draw up the necessary regulations following the approval of the bill.
Source: http://in.reuters.com/article/asiaCompanyAndMarkets/idINJAK28409420080408
More information in regard to the Sukuk bill:
http://in.reuters.com/article/asiaCompanyAndMarkets/idINJAK29608520080408
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