JAKARTA,— Indonesia‘s finance ministry plans to sell shariah retail bonds in April of around 20 trillion rupiah (RM5.6 billion), an official at the debt management office said today.
Director general at debt management office, Robert Pakpahan, said the country would sell conventional retail bonds in October of the same size, around 20 trillion rupiah.
All retail bonds would have a maturity period of three years, he said. Pakpahan also said the government would not issue saving bonds next year. Retail bonds are offered once a year to domestic investors to help fund Indonesia‘s budget deficit.
Originally published on www.themalaymailonline.com