JAKARTA: PT Bank Muamalat Indonesia Tbk is optimistic its subordinated sharia-bonds issuance, worth IDR800 billion, will interest investors. Issuance will be conducted at the end of the month.
However, the first sharia bank in Indonesia will postpone it if the yield rate demanded by investors is too high.
The bank will continue its plan despite the negative performance of Indonesia capital market in the past weeks. The IDR800 billion bonds is the first part of Muamalat’s shelf-registered bonds worth a total IDR1.5 trillion.
The bonds will due in 10 years, entitled with call option in the fifth year. Muamalat hopes to have 9% yield. (T05/tw)