Indonesia Sells Nearly Rp. 15 Trillion From Retail Sukuk

Indonesia’s finance ministry
sold 14.968 trillion rupiah ($1.54 billion) worth of retail
sharia bonds, known as sukuk retail (SUKRI), only slightly below
the target of 15 trillion rupiah, an official at the debt office
told Reuters on Monday.

The government set the coupon rate at 6 percent maturing in
three years.

“The incoming bids were more than 15 trillion. We would like
to sell 15 trillion but we decided to raise slightly less than
that due to double orders which were 50 billion rupiah,” head of
the debt office, Robert Pakpahan, said.

In 2012, the G20 economy raised 13.6 trillion rupiah of
retail sukuk with a coupon of 6.25 percent.

Retail sukuk are offered to individual investors who are
Indonesian citizens.
 
Reuters