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The Jakarta Post
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DKI Jakarta, Indonesia
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Rp 1.05 trillion raised from sukuk, below govt target

  • Satria Sambijantoro

    The Jakarta Post

Jakarta | Wed, February 20 2013 | 10:25 am

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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