Sukuk Rp500 Billion Auction October 16

JAKARTA - MICOM: The government will auction the Islamic securities or sukuk country with the indicative target of Rp500 billion on October 16, 2012 to meet part of the financing of the 2012 budget targets.


A press release of the Directorate General of Debt Management at the Ministry of Finance in Jakarta, Wednesday (10/10), said there are five series of the sukuk to be auctioned.

The fifth series of sukuk are SPN-S17042013 in return for a discount, the underlying assets using state property such as land and buildings, will be due 17 April 2013.

PBS001 series with the 4.45 percent rate of return, the underlying assets in the form of projects / activities in the revised budget for 2012, maturing February 15, 2018.

PBS002 series with the 5.45 percent rate of return, the underlying assets in the form of activities / projects in the revised budget for 2012, due January 15, 2022.

PBS003 series with the 6.00 percent rate of return, will be due January 15, 2027, the underlying assets in the form of projects / activities in the 2012 revised budget.

PBS004 series with the 6.10 percent rate of return, will be due February 15, 2037, the underlying assets in the form of projects / activities in the 2012 revised budget.

Earlier on Tuesday (2/10) government auctioned five state sukuk series. Incoming bids reached Rp1, 4 billion, and the government won by set aside around Rp631 billion. (Ant/OL-5)
source: mediaindonesia.com
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