Rahmat Waluyanto

Indonesia Eyes Middle East Buyers for Fresh Round of Sukuk Bond Sales

Indonesia calculates to sell dollar-denominated Islamic bonds by the end of December. This would be the second sale of the securities in two years. The country is looking to Persian Gulf investors to obtain the debt.
Rahmat Waluyanto, director general of the debt management office at the Ministry of Finance, stated that they are aming for Middle East investors to buy their global Islamic bonds.
Agus Martowardojo, Finance Minister, revealed that the government had planned to collect as much as $1 billion from global sukuk sales by the end of September.

Pakistan, Cagamas, Indonesia Plan Issuance: Islamic Bond Alert

The following borrowers are expected to sell Islamic bonds:

TURKEY: Citigroup Inc. plans to arrange more sales of Islamic bonds from Turkey after managing a $100 million issue for Kuveyt Turk Katilim Bankasi AS, said Hulusi Horozoglu, director of global Islamic banking at Citigroup.

PAKISTAN: The South Asian country plans to sell sukuk maturing in a year or less in the domestic market by the end of this month, according to an e-mailed statement from Syed Wasimuddin, a spokesman for State Bank of Pakistan, the nation’s central bank.

CAGAMAS BHD.: Malaysia’s national mortgage company plans to sell more Islamic bonds this month following a sale in August under its 5 billion ringgit ($1.6 billion) sukuk program, the Business Times reported, citing an unidentified person familiar with the proposal.

INDONESIA: plans to sell 2 trillion rupiah ($224 million) of Islamic bonds by private placement this year, said Rahmat Waluyanto, a director at the Ministry of Finance.


UPDATE 1-Indonesia retail sukuk priced at 8.70 pct

Indonesia has set the yield on the retail sukuk due to be issued next month at 8.70 percent. Indonesia, which has the world's largest Muslim population and wants to develop the domestic Islamic finance market, plans to sell 3 trillion rupiah ($321.2 million) worth of retail sukuk next month.

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:

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