Friday, May 15, 2009

Bakrieland sell IDR150 billion bonds

PT Bakrieland Development, plans to sell IDR150 billion of Islamic bonds in July
to finance projects.
Bakrieland, hired PT Madani Sekuritas and PT Bahana Securities to help sell three-year
Islamic notes, known as sukuk.
Bakrieland will offer the notes from July 1 through July 2, with listing planned for the Indonesian Stock Exchange on July 8, the prospectus shows.
Islamic bonds comply with Shariah law by using asset returns to pay investors instead of interest.

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