Govt to Tap Retail Investors With Rp 3t Islamic Bond Issue

Indonesia plans to sell Rp 3 trillion ($315 million) of Islamic bonds to retail investors in January and February, said Rahmat Waluyanto, director general of the Ministry of Finance’s debt management office. The notes will be on offer from Jan. 25 to Feb. 5 and will mature on Feb. 10, 2013, Waluyanto said.

Southeast Asia’s largest economy is selling bonds next year to help finance the 2010 budget deficit that the government forecasts will reach Rp 98 trillion, equivalent to 1.6 percent of gross domestic product.

Indonesia is tapping individuals to reduce its dependence on overseas debt sales. Retail bonds are usually offered in small amounts to make them affordable to the public. 


Bloomberg

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