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Indonesia to raise 115 mln USD in Islamic bond auction

English.news.cn   2011-04-06 18:35:24 FeedbackPrintRSS

JAKARTA, April 6 (Xinhua) -- Indonesian finance ministry planned to sell Islamic bonds or "Sukuk" in auctions on April 12 with the target to raise one trillion rupiah (some 115,407 million U.S. dollars), the ministry said in a statement here Wednesday.

The proceeds would be used to plug budget deficit this year.

The four series of the bonds has maturity of 6, 14, 19 and 24 years, with yields at 9, 10 and 10.25 percents.

Nearly zero interest rate in developed countries has pushed seeking-higher-yield funds to flow into emerging markets including Indonesia.

Editor: Yang Lina
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