ID :
55772
Thu, 04/16/2009 - 09:02
Auther :
Shortlink :
https://www.oananews.org//node/55772
The shortlink copeid
INDONESIA OFFERS GLOBAL SHARIAH BONDS
Jakarta, April 15 (ANTARA) - The government starts offering global shariah bonds (sukuks) to the international market.
"Yes. We are merely announcing the offer. We are waiting for the right time for its issuance," the director general of debt management of the finance ministry, Rahmat Waluyanto, said here on Wednesday.
He said the government would not be able to know how the market would respond to this plan.
He said "implementation could be very quick, the bonds could be issued within 24 hours."
Regarding the volume of the bonds, he said it would be worth the maximal value of the underlying assets, amounting to Rp7 trillion.
The value of state assets already approved by the House of Representatives to be used as underlying assets for bond sale reached Rp18.34 trillion.
He said 58 percent of the assets, worth Rp10.58 trillion, that would be used as the underlying assets for the issuance of the bonds were outside Jakarta while the other 42 percent valued at Rp7.76 trillion in Jakarta.
A total of Rp4.70 trillion had been used as underlying assets for domestic sukuks, and Rp5.56 trillion for retail sukuks.
He said Rp7.49 trillion worth of other assets would be used as underlying assets for sukuks in foreign currency.
"Yes. We are merely announcing the offer. We are waiting for the right time for its issuance," the director general of debt management of the finance ministry, Rahmat Waluyanto, said here on Wednesday.
He said the government would not be able to know how the market would respond to this plan.
He said "implementation could be very quick, the bonds could be issued within 24 hours."
Regarding the volume of the bonds, he said it would be worth the maximal value of the underlying assets, amounting to Rp7 trillion.
The value of state assets already approved by the House of Representatives to be used as underlying assets for bond sale reached Rp18.34 trillion.
He said 58 percent of the assets, worth Rp10.58 trillion, that would be used as the underlying assets for the issuance of the bonds were outside Jakarta while the other 42 percent valued at Rp7.76 trillion in Jakarta.
A total of Rp4.70 trillion had been used as underlying assets for domestic sukuks, and Rp5.56 trillion for retail sukuks.
He said Rp7.49 trillion worth of other assets would be used as underlying assets for sukuks in foreign currency.
