Jakarta. The government plans to issue retail sharia bonds worth Rp3 trillion in February 2010 to meet part of the financing target in the state budget.

“The retail sharia bonds which will be issued under a sale and lease back agreement will mature in 3 years,” Director General of Debt Management at the Finance Ministry Rahmat Waluyanto said on Monday.

The government would use Rp20.3 trillion worth of state property controlled by 27 ministries and agencies as underlying assets for the issuance of the bonds. The value had been approved by the House of Representatives, he said.

The issuance of the retail share bonds would target domestic investors. They could order the bonds with a minimum value of Rp5 million, he said.

Rahmat said he signed earlier in the day contracts with 18 sales agents and a law consultant for the issuance of the bonds.

The 18 sales agents are Bank Mandiri, Trimegah Securities, Danareksa, Andalan Artha Advisindo, Bahana Seurities, Bank BNI, Bank Syariah Mandiri, Citibank, CIMB Niaga, Bank HSBC, Bank BII, Ciptadana Securities, Sucorinvest Central Gani, Mega Capital Indonesia, Reliance Securities, Bank Permata, Bank OCBC NISP, and Bank SCB with AZP Legal Consultant as a law consultant.

Source: ANTARA News – 21 December 2009
Phono: Mahmalrizka