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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Bahrain bank to arrange Indonesian Islamic bonds

  • Alfian

    The Jakarta Post

Jakarta | Fri, May 14 2010 | 10:02 am

PREMIUM Two Indonesian companies have appointed Bahrain-based investment bank Elaf Bank to arrange the issuance of their Islamic bonds (sukuk) amounting to US$84 million in total to be sold both in domestic and international financial markets.The two companies, compressed natural gas (CNG) distributor PT Java Energi Semesta (JES) and power producer PT Mitra Abadi Rahardja (MAR), signed agreements to launc...