- VIVAnews/Adri Irianto
VIVAnews - The government said the issuance of global sukuk which will be done in the third quarter or second half of the year is intended to raise funds amounting to as much as US$1 billion.
The collected funds will relieve the fiscal needs of 2011 Revised State Budget.
According to Finance Minister Agus Martowardojo, the government has selected three underwriters to process the purchase. All the underwriters represent countries in Asia, Europe and America.
"Regarding the tenor, we cannot name it now because it should be socialized in the market," he said on Tuesday.
Indonesia, he went on, is in need of loan assistance according to the 2011 revised state budget’s structure. The loans which will be collected through the scheme of a state securities (SBN) issuance would total Rp 205 trillion of gross amount and Rp 124 trillion net amount.
"For the sukuk, we have prepared the underlying assets worth Rp34 trillion," he added.
As regards the road show for offering the sukuk to investors, he explained, further discussion with three financial consultants is required.
The development to date is that currently it is still in the process of document and administration preparation to enter into the market.
"Our underwriters have also indicated interest in our sukuk," he said.
Earlier, Agus said, in addition to issuing global sukuk to finance State Budget, the government also seeks to extend foreign loans which will fall due in no time.
"We seem to choose Sukuk the more," he said.
Jawaban Menohok Chandrika Chika saat Hendak Dibawa ke BNN Lido
Jawaban Menohok Chandrika Chika saat Hendak Dibawa ke BNN Lido
