INDONESIA: The government plans to sell Islamic retail bonds in the first quarter of next year, Rahmat Waluyanto, head of the Finance Ministryâs debt management office, said in Jakarta yesterday. The ministry is due to issue 1 trillion rupiah ($111 million) of Islamic bonds at an auction today, according to a July 20 statement on its website.
CJ Capital Sdn.: A unit of Malaysiaâs Cahaya Jauhar Sdn., plans to sell up to 114 million ringgit ($35.7 million) of Islamic bonds, RAM Ratings Service Bhd. said in a July 14 report. The ratings company said the sukuk were assigned a rating of AAA, its top investment grade.
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