Wednesday April 27, 2011
Indonesia to cover budget deficit via sukuk
JAKARTA: Indonesia's finance ministry raised 500 billion rupiah (US$58mil) from a sukuk auction yesterday, in line with its target, to help cover this year's state budget deficit, a debt official said.
The ministry as of April 26 has sold 14.6 trillion rupiah of bonds and T-bills, including sukuk, out of 41.23 trillion rupiah targeted this quarter. It raised a higher-than-targeted 42.75 trillion rupiah in the first quarter. Reuters