Indonesia to issue 1 bln USD of global Islamic bondSouce:Xinhua Publish By Jane B. Hatcher Updated 19/11/2012 9:52 pm in Business / no comments
JAKARTA, Nov. 19 — A senior Indonesian official said on Monday that government is scheduled to issue Islamic global bond on Wednesday, aimed at seeking some 1 billion U.S. dollars of funds to finance state budget this year.
Debt Management Director General at the Financial Ministry Robert Pakpahan said that the would-be issued bond offers 3.3 percent returns rate with service period of 10 years.
The ministry also planned to issue sovereign for Japanese investors, called Samurai Bond, on Thursday, worth 60 billion Yen. The bond offers 1.13 percent returns rate, has 10 years of service period, the largest news portal detik.com reported.
Robert said the plan to issue Samurai bond was aimed at expanding investor basis in Japan.