Jakarta (Antara Bali) - The government aims to earn Rp25
trillion-Rp30 trillion in funds from the issuance of state retail sharia
bonds series SR-008 which has just been launched to raise public funds
to finance the state budget.
"Our target is Rp25 trillion-Rp30 trillion. If demand is high we will upsize (the bonds) to up to Rp30 trillion," Director General of Financing and Risk Management at the Finance Ministry Robert Pakpahan said in a press briefing here on Thursday.
He said the government has received orders from sales agents for the bonds worth Rp43 trillion or higher than the indicative target.
The retail sukuk SR-008 will be issued on March 10, 2016 by virtue of Asset to be Leased Ijarah, with projects or activities of the state budget 2016 and state property in the form of land and buildings as underlying assets.
The sukuk which will be issued at a coupon of 8.3 percent per year will be offered from February 19 to March 4, with a minimum subscription of Rp5 million and a maximum subscription of Rp5 billion.
Yield on the retail sukuk series SR-008 due on March 10, 2019 will be paid every 10th with the first payment on April 10, 2016.
The government also has appointed 20 banks and six securities companies as sale agents for the retail sukuk series SR-008.(WDY)
COPYRIGHT © ANTARA News Bali 2016
"Our target is Rp25 trillion-Rp30 trillion. If demand is high we will upsize (the bonds) to up to Rp30 trillion," Director General of Financing and Risk Management at the Finance Ministry Robert Pakpahan said in a press briefing here on Thursday.
He said the government has received orders from sales agents for the bonds worth Rp43 trillion or higher than the indicative target.
The retail sukuk SR-008 will be issued on March 10, 2016 by virtue of Asset to be Leased Ijarah, with projects or activities of the state budget 2016 and state property in the form of land and buildings as underlying assets.
The sukuk which will be issued at a coupon of 8.3 percent per year will be offered from February 19 to March 4, with a minimum subscription of Rp5 million and a maximum subscription of Rp5 billion.
Yield on the retail sukuk series SR-008 due on March 10, 2019 will be paid every 10th with the first payment on April 10, 2016.
The government also has appointed 20 banks and six securities companies as sale agents for the retail sukuk series SR-008.(WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2016