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Jakarta Post

RI offers retail sukuk with 5.9 percent annual yield

Anton Hermansyah (The Jakarta Post)
Jakarta
Fri, February 23, 2018

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RI offers retail sukuk with 5.9 percent annual yield The Finance Ministry's financing and risk management director general, Luky Alfirman (left), speaks at a press conference alongside the ministry's Islamic financing director, Suminto, during the launch of retail sukuk SR-010 at the Indonesia Stock Exchange in Jakarta on Feb. 23. (JP/Anton Hermansyah)

T

he government opened the subscription period for the SR-010 series of retail sukuk (Islamic bonds) at a 5.9 percent annual yield on Friday. The period will last until March 16.

The Finance Ministry's financing and risk management director general, Luky Alfirman, said the sukuk had a three-year tenor with a minimum subscription of Rp 5 million (US$350) and maximum subscription of Rp 5 billion. 

"The SR-010 series is our 10th retail sukuk. It has been 10 years since we launched our first retail sukuk," he said at a press conference at the Indonesia Stock Exchange in Jakarta.

The government has appointed 22 selling agents -- two securities companies, PT MNC Sekuritas and Trimegah Securitas; three sharia banks, Bank BRI Syariah, Bank Muamalat Indonesia and Bank Syariah Mandiri; and 17 conventional banks, including Citibank, Permata and HSBC. (bbn)

 

 

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