Government absorption retail demand Sukuk

The government will absorb all the demand Sukuk retail entrance to the close of this year the deficit widen so 2.6%.

The Director General of the State Syariah Siamat Dahlan said this far Sukuk retail demand has exceeded the incoming target is indicative of the 13 agents of the seller Rp1, 7 triliun.Diperkirakan until the end of the bidding on February 20 will be the greater demand.

"The result is extraordinary, beyond the estimated Rp1, 7 triliiun. The clear over subscribe. Up-size [increased] continue [indicative targets] from the seller agents. It is 2-3 times upsize," he said on the sidelines of the socialization Sukuk retail today.

Use all types of Sukuk issuance this year, go Dahlan, in addition to the Ministry of Finance assets worth Rp13, 8 trillion, the government also ask the House for permission to use land and buildings Gelora Bung Karno as the underlying asset Sukuk issuance this year.

"Value Gelora Bung Karno based assessment DJKN (Directorate General of State Property) around Rp50 trillion, but after verified by considering the aspects of law and sharia We will only ask for parliament approval Rp21 trillion."

More Dahlan, said the government will not impose too global Sukuk to publish because there is still a standby loan facility can be drawn to finance the deficit.

source: http://web.bisnis.com