Govt may up-size retail Islamic bond issuance on strong demand

The government is thinking about up sizing the issuance of the nation’s fourth ever retail Islamic debt papers (sukuk) after seeing strong request from local individual investors.
About 14,000 investors have ordered Rp 11.1 trillion worth of the Islamic bonds within the first six days of the offering up to Monday, already nearing selling agents’ more than Rp 13 trillion commitment.
Many agents have revised their targets. The agents composed of 13 banks and 11 securities firms, including Bank Central Asia, Bank Mandiri, Citibank, OCBC NISP, Danareksa Sekuritas and Trimegah Securities.

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