Alhamdulillah! Government to launch Shariah SPN

 JAKARTA - The government plans to issue short-term government securities or treasury islamic sharia (Islamic SPN) in March. "We're meeting with Bank Indonesia, we're preparing for the issuance of Islamic NES. We ask the Bank to prepare its infrastructure, approximately one month ahead. If it can be faster, we will be faster in determining the schedule," said Director General of Debt Management Kemenkeu, Rahmat Waluyanto in Jakarta on Monday (21 / 2).

He states, NES Sharia will be tenured one year and will likely be given in return for a discount. "Based on the explanation of BI, the infrastructure is now just ready for the NES at a discount. To SPN Sharia whether it could at a discount? SPN sharia just like the NES, using a discount. If short-term benefits are usually not the coupons, but discounts. So there should be no change in the design of infrastructure BI, "he said.

he said the issuance of Sharia SPN will provide more alternatives to the public in selecting investment instruments. "The market needs of SPN Shariah also great, especially for liquidity management of Islamic banks. Usually they use the SBI Syariah. With the NES Sharia, would be easier," he said.

At the same grace also reveals that the government would return tendered securities islamic countries (SBSN) or sovereign state on March 1, 2011 with an indicative amount of Rp 1 trillion. "After the (retail sukuk) SR003, in March we will auction off the regular sukuk. indicative target of Rp 1 trillion, but this depends on demand. If height can upsize," said Rahmat.

Rahmat said the state sukuk series that will be auctioned off is a series IFR0005 (reopening) with a tenor of six-year 9.0 percent coupon, IFR0007 (reopening) with a tenor of 14 years of 10.25 percent, IFR0006 (reopening) with a tenor of 10 years of 10.25 percent, IFR0009 (new issue) with a tenor of 10 years, IFR0010 (new issue) with a tenor of 25 years.