Indonesian aims to raise 500 bln rph in July 24 sukuk auction

JAKARTA, July 17 Tue Jul 17, 2012 3:45pm IST

JAKARTA, July 17 (Reuters) - Indonesia aims to raise 500 billion rupiah ($52.91 million) in a sukuk auction on July 24, the debt office said in a statement on Tuesday.

The finance ministry plans to offer 6-month sharia T-bills and long terms project-based sukuk with maturities of 6-, 10-, 15- and 25-years.

Indonesia failed to sell all the series offered in a sukuk auction on July 10. Earlier on Tuesday, the country raised 9 trillion rupiah worth of conventional bonds from a debt auction. ($1 = 9,450 rupiah) (Reporting by Rieka Rahadiana; Editing by Matthew Bigg)

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