| Indonesia will delay a planned US$650 million global sukuk offer to the first half of 2011 from October because a lower budget deficit forecast reduces this year's borrowing needs, a government official said on Wednesday. It will maintain its strategy of frontloading bond issuance, selling debt in the first half, as in previous years, the head of the debt office added. Indonesia, the world's most populous Muslim country, is keen to develop Islamic finance and has sold US$650 million in sovereign sukuk in 2009. It has not sold any global sukuk so far this year. |
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