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Buyer Community> Trade Intelligence> Financial Markets> Indonesia raises 200 bln rph in sukuk auction
Source: Reuters

Indonesia raises 200 bln rph in sukuk auction

Published: 27 Oct 2009 01:49:05 PST

JAKARTA, Oct 27 - Indonesia raised 200 billion rupiah ($20.97 million), below target, from the sale of Islamic bonds maturing in 2015, the finance ministry said in a statement on Tuesday.

The ministry had also planned to sell sukuk maturing in 2020 and in 2024, but there were no winning bids, the ministry said. Proceeds from the sukuk sales are intended to help fund the budget deficit this year. (Reporting by Adriana Nina Kusuma; Writing by Dicky Kristanto; Editing by Sara Webb)

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