VIVAnews - The government is still keeping the underlying assets of the current sukuk issuance around US$50 million. It will enable the government to use it as an underlying asset of other sukuk.
Director of Sharia Financing, Dahlan Siamat, said the government is still preparing the program of corporate sukuk issuance. However, the issuance is carried out if the financing has yet to be fulfilled until the fourth semester of this year.
"In addition to sukuk, there are still stand-by loans, state bonds, Indonesia retail bond and other financing," said Siamat on Friday, April 17. The corporate sukuk program is indeed scheduled. Yet, the issuance will still consider market condition.
In addition to global sukuk issuance, Siamat said the market condition is irregular. The latest development showed that the government can already cut prices.
The five year tenor sukuk is issued because many investors are indeed investing their fund in the short run. Siamat said it has been the nature of the investors.
However, although the bookbuilding period is short, the yield can be reduced and is in fact oversubscribed. The global sukuk wholesaler includes HSBC, Standard Chartered Bank and Barcleys.
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Translated by: Bonardo Maulana Wahono
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