Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>   Capital  >>   Indonesia to issue debt ‘Sukuk’for retail investors in 2012
NEWS UPDATES Asean Affairs     30 November  2011

Indonesia to issue debt ‘Sukuk’for retail investors in 2012


The Indonesian government will begin offering retail Islamic debt papers (sukuk) to individual investors in March 2012, after previous issuances drew strong interest, despite the shaky global financial market.

The Finance Ministry's Debt Management Office (DMO) on Monday began accepting applications from banks and brokerages to be sales agents for the government's fourth issue of Syariah-compliant bonds, English daily, The Jakarta Post, quoted DMO Chief Rahmat Waluyanto as saying.

Sales agents will be appointed on Jan 4 and the offering will be in March.

Government debt papers are attractive to individual investors because the return rates are higher than bank deposits. It also viewed as safe because of government guarantees.

In its last retail sukuk issuance in February, the Indonesian government raised Rp7.34 trillion (US$800.06 million) with an annual coupon rate of 8.15 per cent to be paid monthly, compared with a 6.75 per cent bank deposit rate guaranteed by the Indonesia Deposit Insurance Corporation (LPS).

The government's retail bond offerings have received strong demand from individual domestic investors, with the last sukuk issuance, exceeding its Rp6 trillion target.

Meanwhile the latest regular retail bond offering saw Rp20.35 trillion in bids, although the government ended up selling Rp11 trillion in debt papers.

The issuance of government debt papers, in the form of regular and sukuk institutional and retail bonds in rupiah and US dollar dominations, is a move to finance development projects and plug an estimated state budget deficit equal to 1.5 per cent of the country's gross domestic product (GDP).

The global financial market has been hit by high-level volatility in the stocks, bonds, and currency markets on international fund sell-offs over fears of a global economic slowdown on the eurozone debt crisis and the stalling United States economic recovery.

Rahmat has dismissed concerns on the retail sukuk issuance due to the shaky markets, saying that the retail market was relatively resilient to crisis, as the investors were individuals.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    30 November  2011 Subsribe Now !
• Asean New Common Tariff Codes
Subcribe: Asean Affairs Global Magazine
• World Gas Conference Malaysia Asean Affairs Premium

• Malaysia’s new low-cost terminal

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Japan’s request to Thailand accepted     

• Flood hit Don Mueang airpor 

• Indonesia to issue debt ‘Sukuk’

• Singaporean’s income and employment

• EU crisis cuts Indonesia’s growth forecast  

Asean Analysis             30 November   2011

Advertise Your Brand
• Asean Analysis-November 30 Sponsor Our Events

Asean Stock Watch      21-22  November  2011

• Asean Stock Watch-November 21-22 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand