The sukuk will consist of one short-term sukuk and four project-based sukukJakarta (ANTARA News) - The government plans to auction state sharia bonds (sukuk) worth Rp500 billion on September 18 to meet part of financing target in the 2012 state budget.
The sukuk will consist of one short-term sukuk and four project-based sukuk, the Directorate General of Debt Management at the Finance Ministry said in a press statement issued on Thursday.
The five series are the resale of sukuk, it said.
The sukuk series SPN19032013 due on March 19, 2013 will be auctioned at discount yield. The sukuk will use state land and buildings as underlying assets.
The series PBS001 due on February 15, 2018 will be auctioned at a yield of 4.45 percent, the series PBS002 due on January 15, 2022 at a yield of 5.45 percent, the series PBS003 due on January 15, 2027 at a yield of 6.00 percent, the series PBS004 due on February 15, 2037 at a yield of 6.10 percent.
The four project-based sukuk will use projects/activities in the revised 2012 state budget as underlying assets.
The five sharia-compliant bonds will be put to auction using a multiple price method.
The statement said the government has the right to sell the five series of sukuk at higher or lower prices than the indicative target. (*)
Editor: Heru Purwanto
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