Others News > Islamic Finance News > Indonesia plans to issue 3-mth, 6-mth and 12-mth sharia T-bills

 [Reuters] Indonesia's finance ministry plans to issue 3-month, 6-month and 12-month sharia T-bills starting from the end of the second quarter this year, said sharia director at the debt office. The move is aimed at providing short-term financial instruments after the central bank stopped regularly selling its 3-month and 6-month SBI debt, part of measures to reduce volatile capital inflows. He also said the ministry aimed to raise 1 trillion rupiah ($114.6 million) from a sukuk auction on April 12. ($1 = 8722.5 Rupiah)