Rp 1.05 trillion raised from sukuk, below govt target
The Jakarta Post
The government raised about Rp 1.05 trillion (US$108 million) from the sales of Islamic bonds (sukuk) on Tuesday, lower than its initial target of Rp 1.5 trillion, as investors held back from entering the sharia bonds market on fears that the recent depreciation of rupiah may spark inflation.
Total incoming bids for the sukuk topped Rp 2.26 trillion, far lower than the Rp 4.1 trillion that ...
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