Business

Indonesia aims to raise 1.5 trln rph from sukuk auction

A bank employee sorts rupiah banknotes at the Bank National Indonesia (BNI) in Jakarta in this April 26, 2012 file photo. — Reuters ppicA bank employee sorts rupiah banknotes at the Bank National Indonesia (BNI) in Jakarta in this April 26, 2012 file photo. — Reuters ppicJAKARTA, Jan 29 — Indonesia aims to raise 1.5 trillion rupiah (RM477 million) from a sukuk auction on February 5 to finance its budget deficit, the debt office at the finance ministry said today.

The country plans to sell 6-month sharia T-bills and project-based sukuk maturing in 5-, 9-, 14- and 24-year.

The G20 economy is aiming for a total issuance of 57.5 trillion rupiah worth of conventional and sharia bonds in the first quarter of the year. — Reuters

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